Market price of bond


Problem:

A Treasury bond is quoted at a price of 105:10.

Required:

Question: What is the market price of this bond if the face value is $5,000?

  • $5,005.15
  • $5,105.15
  • $5,265.63
  • $5,273.44
  • $5,515.00

Note: Please show how you came up with the solution.

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Accounting Basics: Market price of bond
Reference No:- TGS0892448

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