Question

Escambia county bonds worth $1,000 are selling at 109.443. what is the market price of one such bond?
a. $1,109.44
b. $1,000.00
c. $109.44
d. $1,094.43

Answer 1

D. 1094.43 is correct!! 

Answer 2

Escambia county bonds worth $1,000 are selling at 109.443. What is the market price of one such bond?

The market price of the bond is D. $1,094.43. To solve for the market price of a bond, multiply the percentage bond price by the bonds face value (worth) by the price of the bond. The market price of the bond, is the current price the bond will sell for in the market.