Bond quotations are given as a ____ of face value.
Understand the Problem
The question is asking for the type of measurement or expression used to quote bonds in terms of their face value. This likely pertains to financial terminology or concepts related to bonds.
Answer
percentage
The final answer is percentage
Answer for screen readers
The final answer is percentage
More Information
Bond quotations are expressed as a percentage to facilitate easy comparison of bond values relative to their face value.
Sources
- Investopedia - Bond Quote - investopedia.com
- PIMCO - Everything You Need to Know About Bonds - pimco.com
- Raymond James - Bond Basics - raymondjames.com
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