question archive A bond traded at 102 1/2 means that: A

A bond traded at 102 1/2 means that: A

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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.

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