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Problem:

A Treasury bond is quoted at a price of 105:10.

Required:

Question: What is the market price of this bond if the face value is $5,000?

  • $5,005.15
  • $5,105.15
  • $5,265.63
  • $5,273.44
  • $5,515.00

Note: Provide support for your rationale.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91162893

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