Question

A $1,000 bond quoted at 96.5 would sell for

a) $1000
b) $965
c) $96.50
d) none of the above

Answer 1

96.5%*1,000. 96.5% * 1,000 = 96.5 * 1,0000 = $965,000
i think the answer is will be b.965

Answer 2

The answer might be B

hope this helped:)
alisa202