IDNLearn.com provides a collaborative platform for sharing and gaining knowledge. Discover the reliable solutions you need with help from our comprehensive and accurate Q&A platform.
Sagot :
Step-by-step explanation:
To determine how much you would pay for the bond at the quoted price of 98.25, you need to calculate it as a percentage of the par value:
[tex]\[ \text{Price Paid} = \text{Quoted Price} \times \text{Par Value} \][/tex]
Given:
- Quoted Price = 98.25% (as a decimal, this is 0.9825)
- Par Value = $51,000
Now, calculate:
[tex]\[ \text{Price Paid} = 0.9825 \times 51,000 \][/tex]
[tex]\[ \text{Price Paid} = 50,182.50 \][/tex]
Therefore, the amount you would pay for the bond at the quoted price of 98.25 is $50,182.50.
So, none of the provided options exactly matches the calculated amount. The closest approximation would be around $50,182.50, which isn't listed among the options given.
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.
