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Answer :
The bond is listed at a price of $999.25, which is less than its face value of $1,000. The listed price as a percentage of the face value is approximately 99 1/4 or 99.25.
The dollar price of the $1,000 face value bond is $999.25. This means that the bond is listed at a price of $999.25, which is less than its face value of $1,000.
To find the listed price as a percentage of the face value, divide the listed price by the face value and multiply by 100. In this case, (999.25 / 1000) * 100 is equal to 99.925%. This can be approximated as 99 1/4 or 99.25, which is closest to option d) 99 1/8.
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