Use the following bond listing for Pacific Bell to answer the following:
A 5-column table with 1 row. Column 1 is labeled Bonds with entry PacBell 6 and StartFraction 5 Over 8 EndFraction 34. Column 2 is labeled current yield with entry 6.55. Column 3 is labeled Volume with entry 5. Column 4 is labeled Close with entry 99 and one-fourth. Column 5 is labeled net change with entry + StartFraction 1 Over 8 EndFraction.
What was the closing price of the bond? What was the dollar amount?
a. 106 5/8; $966
b. 6 5/8; $6625
c. 99 1/4; $993.45
d. 99 1/4; $992.50
