A bond with a face value of $ 90000 and a quoted price of 104 has a selling price of: (Round your final answer to the nearest dollar.) A. $ 93600. B. $ 90000. C. $ 86538. D. $ 99 000.

A. $93,600

Explanation:

Data provided as per the question below:-

Face value = $90,000

Quoted price = 104

The computation of selling price is shown below:-

Selling Price = Face value * Quoted price : 100

= $90,000 * 104 : 100

= $90,000 * 1.04

= $93,600

Therefore for computing the selling price we simply applied the above formula.