How do figure a corporate bond at 99.496, what is the price of the bond if its par value is $1000? and Ruskin Bond's Shelf

How do figure a corporate bond at 99.496, what is the price of the bond if its par value is 00?

A corporate bond;s price is quoted as 99.496. What is the price of the bond id its par value is $ 1000?


Bond best answer:

Answer by Marc
It is selling at a slight discount.

The price you would pay is $ 994.96.

The reason for the discount is that market interest rates are likely to be slightly higher than the coupon rate on the bond.

Bond

Ruskin Bond's Shelf


Image by ShayarGautam
His writing desk..Here is the count of my meeting with Ruskin Bond and the VIDEO!
gdhar.com/2007/01/28/with-ruskin-bond/

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