A bond with a face amount of 15000 has a current price
Question - A bond with a face amount of $15,000 has a current price quote of 108.55. What is the bond's price?
a. 15,108.55
b. 1,628,250
c. 16,282.50
d. 1,628.25
Now Priced at $25 (50% Discount)
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