Question:

A $1,000 face value bond quoted as 102.16 sells for _____ and a bond quoted as 99:08 sells for _____.?

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A $1,000 face value bond quoted as 102.16 sells for _____ and a bond quoted as 99:08 sells for _____.?

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  1. "a premium"    ... more than 100

    "a discount"   .....less than 100

    of course that's an investment question and not an insurance question, but do I win?....

    8-)

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