Market price of a bond, Question: What is the market price of a bond with a $1,000 face, Accounting Basics

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Market price of a bond

Problem:

A corporate bond is quoted at a current price of 102.767.

Required:

Question: What is the market price of a bond with a $1,000 face value?

Select one:

a. $1,000.28

b. $1,002.77

c. $1,027.67

d. $1,102.77

e. $1,276.70

Note: Provide support for rationale.

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Accounting Basics: Market price of a bond

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Accounting Basics: Market price of a bond

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