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How is the market price of bonds quoted?

April 26, 2017bonds market price quoted

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How is the market price of bonds quoted?

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Bonds are quoted as a percent of Par. The Par value of corporate bonds is usually $1000. Therefore, buying 20 bonds quoted at 98 would mean purchasing securities worth $20,000 at a price of 98% of Par, i.e. paying the amount of $19,600.