SIE Exam Question 458: Answer and Explanation

Question: 458

An investor purchased a Treasury bond at 95.03. How much did he pay for the bond?

• A. $ 9,500.9375.
• B. $ 9,530.00.
• C. $ 953.00.
• D. $ 950.9375.

Correct Answer: D

Explanation:

D: The investor purchased the Treasury bond at 95.03 or 95-3/32% of $1,000 = $950.9375