question archive A bond traded at 102 1/2 means that: A
Subject:AccountingPrice:2.88 Bought3
A bond traded at 102 1/2 means that:
A. The bond pays 2.5% interest.
B. The bond traded at 102.5% of its par value.
C. The market rate of interest is 2.5%.
D. The bonds were retired at $1,025 each.
E. The market rate of interest is 2 1/2% above the contract rate.
Purchased 3 times