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Exam Series 7 All Questions

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Exam Series 7 topic 1 question 14 discussion

Actual exam question from FINRA's Series 7
Question #: 14
Topic #: 1
[All Series 7 Questions]

Bonds are most often quoted as a percentage of:

  • A. face value
  • B. book value
  • C. market value
  • D. whatever value the broker says
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Suggested Answer: A 🗳️
face value. The price is 100.00 if the yield is the same as the coupon rate. A price of less than 100.00 means the yield is higher than the coupon rate.
A price of more than 100.00 means the yield is lower than the coupon rate. The prices are a percentage of 100.00. However, treasury bonds and municipal bonds are not quoted in this way.
by lolojepu at April 6, 2025, 1:54 a.m.

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