stravis5581 stravis5581
  • 29-07-2017
  • Business
contestada

If the paper reports a particular corporate bond price as 79.5, the price an investor would have to pay is ________.

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shinmin
shinmin shinmin
  • 11-08-2017
The answer is an investor would have to pay is $795. A bond quote is the last price at which a bond traded, expressed as a percentage of par value and transformed to a point scale. Par value is generally set at 100, signifying 100% of a bond's face value of $1,000 meaning the price of the bond is quoted as a percentage of $1000. In this case, the price is 79.5% of $1,000 or $795. This would be considered as a discounted bond. 
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