A
bond quote of 82.25 dollars is equals to:
=> 82.25/100 = 0.8225, this is the decimal value of the given number, now,
the place value is ten thousands, thus we will multiply this by 10 000. 8 is
tenths, 2 is hundredths, 2 is thousands, and 5 is ten thousands,
=> 0.8225 x 10 000
=> 8 225 dollar.
Thus, the bond quote of 82.25 has the value of 8 225 dollars to be exact.
