Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our 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.
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
