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Finra Series-7 Exam - Topic 6 Question 4 Discussion

Bonds are most often quoted as a percentage of:
A) face value
B) book value
C) market value
D) whatever value the broker says

Finra Series-7 Exam - Topic 6 Question 4 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 4
Topic #: 6
[All Series-7 Questions]

Bonds are most often quoted as a percentage of:

Show Suggested Answer Hide Answer
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 Helga at May 09, 2022, 09:49 AM

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Carmelina
10 months ago
Not sure about that, seems too simple!
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Page
10 months ago
Definitely face value, that's standard practice.
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Roslyn
11 months ago
Wait, is that really the case? I thought it varied.
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Jodi
11 months ago
Totally agree, it's always face value!
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Nickolas
11 months ago
Bonds are quoted as a percentage of face value.
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Cristal
11 months ago
Definitely face value! I recall that being a key point in our study materials.
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Gladys
11 months ago
I'm a bit confused; could it be market value instead? I feel like I've seen that somewhere.
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Ryan
11 months ago
I remember practicing a question like this, and I think face value was the answer.
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Annalee
11 months ago
I think bonds are quoted as a percentage of face value, but I'm not completely sure.
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Celeste
11 months ago
Hmm, I'm not too familiar with the dumpadm utility. I'll need to think this through and try to eliminate any options that don't seem relevant.
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Adelle
11 months ago
Hmm, I'm a bit confused on the best approach here. Should we be modifying the product object itself, or is there a way to handle this at the site level? I'll need to think this through carefully.
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Rebecka
11 months ago
I'm a little confused by the wording of some of these options. I'll need to re-read them a few times to make sure I understand what they're saying.
upvoted 0 times
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