A price quote of 79 on a bond means:
Understand the Problem
The question is asking what a price quote of 79 on a bond means, specifically how this value relates to the bond's face value.
Answer
79 percent of face value.
The final answer is 79 percent of face value.
Answer for screen readers
The final answer is 79 percent of face value.
More Information
Bond price quotes typically represent a percentage of the face or par value of the bond. Therefore, a quote of 79 means the bond is priced at 79% of its face value.
Tips
A common mistake is confusing the percentage of face value with decimal values, or assuming it's the price in dollars.
Sources
- The price quote of 79 on a bond means 79 percent of face value - gauthmath.com
- Bond Quote: Definition, How to Read for Trading, and Example - investopedia.com
AI-generated content may contain errors. Please verify critical information
Thank you for voting!
