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  3. a bond with a face amount of $11,000 has a current

A bond with a face amount of $11,000 has a current price quote of 108.55....

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Question

Accounting

A bond with a face amount of $11,000 has a current price quote of 108.55.

What is the bond's price?

A.

$11,940.50

B

$119,405

C.

$1,194.05

D.

$11,108.55

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