The Figure Given Below Shows the Demand [D and D']

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-If the par value of a bond is $200, and the bid price of the bond is $90, it implies that:

A) the bond is sold at $110.
B) the bond was bought at $110.
C) the bond is trading at a discount of 10 percent of its par value.
D) the bond is trading at 45 percent of its par value.
E) the bond is trading at a premium of 15 percent.

Correct Answer:

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