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QID: #3131
Solution for QID #3131: A bond traded at 102 1/2 means that: A. The bond pays 2.5 | StudyHelpMe
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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