Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

7. Receivables and Investments

Introduction to Investments in Securities

Financial Accounting

7. Receivables and Investments

Introduction to Investments in Securities

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

A typical municipal bond is selling at a price of $5,114.20. What is the price quote for this bond (quoted as a percentage of par value, assuming a par value of $5,000)?

100.00

105.00

98.00

102.28

Previous problemNext problem

Verified step by step guidance

Step 1: Understand the problem. The goal is to calculate the price quote for the bond as a percentage of its par value. The formula for the price quote is: Price Quote (%) = (Selling Price / Par Value) × 100.

Step 2: Identify the given values. The selling price of the bond is $5,114.20, and the par value is $5,000.

Step 3: Substitute the given values into the formula. Using MathML, the formula becomes:

(\frac{5114.20}{5000}) \times 100

Step 4: Perform the division first to find the ratio of the selling price to the par value. This will give you a decimal value.

Step 5: Multiply the decimal value obtained in Step 4 by 100 to convert it into a percentage. This percentage represents the price quote for the bond.