Osceola county bonds worth $1,000 are selling at 88.391. what is the market price of one such bond?

a. $1,088.39

b. $1,000.00

c. $883.91

d. $88.39

"$883.91

The quoted selling price is taken as a part out of a base amount or par value of 100. So if the bonds were originally priced at $1000 with par of 100, 88.391 would be the proportion out of 100, which out of bond units priced at $1000 dollars would be $883.91 in the current market."