Exxon sells its bonds at 108.375. The amount of premium or discount the bond is selling for is?

Question

anonymous · Answer

Im a little confused what you are looking at, stock pricing?

anonymous · Answer

The chapter is over stocks, bonds, and mutual funds.  I take online classes so I'm having to teach myself really.  I'm very confused on a lot of it.  This question just has me lost for some reason, and it may be very simple, idk.  The answers are a. $17.35, b. $13.75, c. $13.25,  d. $13.57, or e. None of these.  If that helps any...

anonymous · Answer

Sorry, I am not sure, might be better to post this in an economical section as premium or discounted bond may have some type of set value for them, so that would give them a number, but for me I an not sure :/

anonymous · Answer

thank you