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bellbell252
The number a bond is the percentage of the value of the bond that the bond is worth. Because the bond is quoted at 93, the bond is worth $930 per $1,000.
Manetho

Answer:

$931.25

Step-by-step explanation:

Given a bond is quoted at [tex]93\frac{1}{8}[/tex]

let the Face value of the amount = $1000

therefore, the price/cost = [tex]\frac{93.125}{1000}\times100[/tex]

= $931.25

Therefore, the bond quoted at [tex]93\frac{1}{8}[/tex] is equal to $931.25 per 1000 of the face value.

Hope you got the point, feel free to ask doubts

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