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Introduction to Bonds and Bond Characteristics
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Introduction to Bonds and Bond Characteristics
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11. Long Term Liabilities / Introduction to Bonds and Bond Characteristics / Problem 8
Problem 8
A bond with a face value of \$1,000 is quoted at 105. What is the current selling price of the bond?
A
\$1,000
B
\$1,100
C
\$950
D
\$1,050
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