question archive A bond traded at 102 1/2 means that: The bond pays 2
A bond traded at 102 1/2 means that: The bond pays 2
Subject:AccountingPrice: Bought3
A bond traded at 102 1/2 means that: The bond pays 2.5% interest. The bond traded at 102.5% of its par value. The market rate of interest is 2.5%. The bonds were retired at $1.025 each. The market rate of interest is 2 1/2 above the contract rate.
