A customer purchased a callable XYZ Corporation 5% debenture to yield 4.5%. The price paid for the bond would most likely be:
A) 97½.
B) 100½.
C) 99½.
D) 95.
Answer: B) 100½.
Investments Chapter | Multiple Choice | Questions and Answers | Test Bank
A) 97½.
B) 100½.
C) 99½.
D) 95.
Answer: B) 100½.