PpSTLeR4507 PpSTLeR4507

15-05-2023
Business

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A $1,000 bond trading at 102½ means that:Multiple ChoiceThe bond pays 2.5% interest.The bond traded is bought or sold for $1,025.The market rate of interest is 2.5%.The bonds were retired at $1,025 each.The market rate of interest is 2½% above the contract rate.

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