Answered: $10,000 bond quoted at 106 would…

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$10,000 bond quoted at 106 would sell for: A. $10,106. B. $106. C. $10,000. D. $10,600

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter6: Fixed-income Securities: Characteristics And Valuation

Section: Chapter Questions

Problem 1P

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Question

A $10,000 bond quoted at 106 would sell for:

$10,106.

$106.

$10,000.

$10,600.

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