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    Exam 11: Bond and Fixed-Income Fundamentals
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    A Bond Quote of 91 7/8 on a $1,000 Par
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A Bond Quote of 91 7/8 on a $1,000 Par

Question 64

Question 64

True/False

A bond quote of 91 7/8 on a $1,000 par value bond means the bond is trading at $918.75.

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