A bond is listed in a newspaper at a bid of 103.2922. this quote should be interpreted to mean:______.

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09-09-2022
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A bond is listed in a newspaper at a bid of 103.2922. this quote should be interpreted to mean:______.

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abdulmajeedabiodunac abdulmajeedabiodunac · Answer 1 · 2022-09-13T19:16:25+02:00

A bond is listed in a newspaper at a bid of 103.2922. this quote should be interpreted to mean: bond at a price equal to 103.2922 percent of face value

What is the meaning bond quoted values in newspaper?

The value quote in the newspaper indicates the price of the bond , selling in the market , as a percentage of its face value, which is usually $1000 for corporate bonds.

In other words, the bid of of 103.2922, means that the bond price currently is of 103.2922% of its face value of $1000, in essence, we can determine the bond price based on the bid quote and the face value as shown below:

bond price=bid quote*face value

bid quote=103.2922%

face value=$1000

bond price=103.2922%*$1000

bond price=$1,032.92

In other words, the bond price is quoted as 103.2922 has a market price per bond of $1,032.92

Find out more about quote price of bonds on:brainly.com/question/15228959

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