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Consider the Following Bond Quote: a Municipal Bond Quoted at 101.25

Question 30

Multiple Choice

Consider the following bond quote: a municipal bond quoted at 101.25. If the municipal bond has a par value of $5,000, what is the price of the bond in dollars?


A) $5,089.06
B) $5,050.19
C) $5,062.50
D) $5,109.75

Correct Answer:

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