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ACCT 2301 101 A bond traded at 102½ means that:The bond pays 2.5% interest

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January 9th, 2018

A bond traded at 102½ 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 ½ % above the contract rate.

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