Question

What is the price of a $1,000 face value bond if the quoted price is 102.1? $102.10 $1,021.00 $1,020.01 $1,002.10 $1,020.10?

Answer 1

Given that the par value of the bond is $1000 and the quoted price is $102.1, then the price of the bond will be:
Price=(quoted price)
Price=102.1
Price=$102.1

Answer: $102.1