1. What is the price of a $1,000 face value bond if the quoted price is 103.1?
A. $102.10
B. $1,002.10
C. $1,020.01
D. $1,020.10
E. $1,031.00
2. A bond has a $1,000 face value, a market price of $1,045, and pays semiannual payments o $42.25 each. What is the coupon rate?
A. 6.76 percent
B. 7.00 percent
C. 7.12 percent
D. 8.45 percent
E. 8.64 percent