For example, a bond price quoted as 105.12 translates to a price of $105.375 (12/32 of a dollar = 0.375 cents) for each $100 worth of face value (also referred to as par value) of the bond.
What is a quoted price?
A quoted price of an investment or asset is the most recent bid and ask prices that buyers and sellers agreed upon.
What is an example of a quote?
Direct Quotations\n\n sentence. Example: My sister said, I need to do my homework. If the quoted material is a fragment or a phrase, do not capitalize the first letter. Example: The phrase don‟t win in practice is consistent for all sports.
How do you calculate quoted price?
How to calculate the quoted price of a bond? A bond's value can be calculated using the quoted price formula. It is simple to compute by multiplying the bond's par value by its quote in percentage. For example, a bond with a market price of 120 and a par value of $1,000 will have a bond value of $1,200.