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29 July, 21:41

A bond with a face value of $ 90000 and a quoted price of 104 has a selling price of: (Round your final answer to the nearest dollar.) A. $ 93600. B. $ 90000. C. $ 86538. D. $ 99 000.

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  1. 29 July, 22:12
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    A. $93,600

    Explanation:

    Data provided as per the question below:-

    Face value = $90,000

    Quoted price = 104

    The computation of selling price is shown below:-

    Selling Price = Face value * Quoted price : 100

    = $90,000 * 104 : 100

    = $90,000 * 1.04

    = $93,600

    Therefore for computing the selling price we simply applied the above formula.
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Home » Business » A bond with a face value of $ 90000 and a quoted price of 104 has a selling price of: (Round your final answer to the nearest dollar.) A. $ 93600. B. $ 90000. C. $ 86538. D. $ 99 000.
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