A bond originally purchased for $1,000 is listed in the financial press with a quoted price of 96.5. What does this state about the bond? The company’s bonds payable liability is now 96.5% of the original liability. The bond face value and interest are now 96.5% of the original issue price. The face value of the bond is now 96.5% of the original issue or $965. The current selling price of the bond is 96.5% of the face value, which is $965.

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