What is the market value for a bond with a face value of $1,000 and a newspaper

Question:

What is the market value for a bond with a face value of $1,000 and a newspaper quotation of 77.25. The market value for the above bond is $772.50 as illustrated below?

Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...