A bond traded at $102(1)/(2)$ means that:$$

The bonds were retired at $$1,025$ each

The bond pays $2\mathrm{.}5\%$ interest

The market rate of interest is $2(1)/(2)\%$ above the contract rate

The bond traded at $$1,025$ per $$1,000$ bond

The market rate of interest is $2\mathrm{.}5\%$A bond traded at $102(1)/(2)$ means that:$$

Question $16$ options:

The bonds were retired at $$1,025$ each

The bond pays $2\mathrm{.}5\%$ interest

The market rate of interest is $2(1)/(2)\%$ above the contract rate

The bond traded at $$1,025$ per $$1,000$ bond

The market rate of interest is $2\mathrm{.}5\%$