What is the price of a 1000 face value bond if the quoted


1. What is the price of a $1,000 face value bond if the quoted price is 103.1?

A. $102.10

B. $1,002.10

C. $1,020.01

D. $1,020.10

E. $1,031.00

2. A bond has a $1,000 face value, a market price of $1,045, and pays semiannual payments o $42.25 each. What is the coupon rate?

A. 6.76 percent

B. 7.00 percent

C. 7.12 percent

D. 8.45 percent

E. 8.64 percent

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Financial Management: What is the price of a 1000 face value bond if the quoted
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