A bond is listed in a newspaper at a bid of 105.4844. This quote should be interpreted to mean: O the bond will pay semiannual interest payments of $105.4844 per $1,000 of face value. O you can buy that bond at a price equal to 105.4844 percent of face value. O you can sell that bond at a price equal to 105.4844 percent of face value. the bond will pay annual interest payments of $105.4844 per $1,000 of face value. the bond dealer is willing to sell that bond for a price equal to 105.4844 percent of par.
A bond is listed in a newspaper at a bid of 105.4844. This quote should be interpreted to mean: O the bond will pay semiannual interest payments of $105.4844 per $1,000 of face value. O you can buy that bond at a price equal to 105.4844 percent of face value. O you can sell that bond at a price equal to 105.4844 percent of face value. the bond will pay annual interest payments of $105.4844 per $1,000 of face value. the bond dealer is willing to sell that bond for a price equal to 105.4844 percent of par.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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d is listed in & newspaper at a bid of 105.4844. This quote should be Interpreted to mean: e bond will pay semiannual interest payments of $105.4844 per $1,000 of face value. can 'euyuwt bond at a price equal to 105.4844 percent of face value. sellthat bond at a price equal to 1054844 percent of face value. il pay annual interest payments of $105 4844 per $1000 of face value. s willng to sell that bond for a price equal to 105.4844 percent of par.
Transcribed Image Text:A bond is listed in a newspaper at a bid of 105.4844. This quote should be interpreted to mean:
the bond will pay semiannual interest payments of $105.4844 per $1,000 of face
value.
you can buy that bond at a price equal to 105.4844 percent of face value.
O you can sell that bond at a price equal to 105.4844 percent of face value.
the bond will pay annual interest payments of $105.4844 per $1,000 of face value.
the bond dealer is willing to sell that bond for a price equal to 105.4844 percent of par.
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