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  3. a bond traded at 112 means that: the bonds were re

A bond traded at 112 means that: The bonds were retired at $1,125 each. ...

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Accounting

A bond traded at 112 means that:

The bonds were retired at $1,125 each.

The market rate of interest is 12.5%.

The bond traded at $1,125 per $1,000 bond.

The bond pays 12.5% interest.

The market rate of interest is 12 % above the contract rate

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