Cryptocurrency Q&A
What is the selling price in dollars if a $1000 bond is selling for 97?
What is the selling price in dollars if a $1000 bond is selling for 97?
CryptoProphet
Tue Jul 02 2024
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7 answers
1810
As a cryptocurrency and finance practitioner, I'm curious about bond pricing. Could you clarify what the selling price in dollars would be if a $1,000 bond is selling for 97? Is this indicating a discount of 3% from the face value? If so, does this mean the selling price is $970? Or is there a different calculation involved when bonds are priced below their face value? Clarifying this pricing mechanism would help me better understand the bond market and its implications for investors.
7 answers
Lorenzo
Thu Jul 04 2024
A bond with a face value of $1,000 is currently trading at a quoted price of 97.
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Tommaso
Wed Jul 03 2024
The result of this multiplication is $970, which represents the current selling price of the bond.
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CryptoWizardry
Wed Jul 03 2024
It is important to note that the selling price is not the same as the face value.
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Dario
Wed Jul 03 2024
This quoted price indicates that the bond is selling for a percentage of its original face value.
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CryptoLegend
Wed Jul 03 2024
The face value remains at $1,000, while the selling price fluctuates based on market conditions.
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