Which one of the following is the quoted price of a bond? a. Face value b. Discount price c. Par value d. Dirty price e. Clean price

To determine which option represents the quoted price of a bond, let's clarify the terms: 1. **Face Value**: This is the nominal value of the bond, which is paid back to the bondholder at maturity. It is not the quoted price. 2. **Discount Price**: This refers to the price at which a bond is sold below its face value. It is not typically used as a quoted price. 3. **Par Value**: This is another term for face value, indicating the amount that will be paid back at maturity. It is not the quoted price. 4. **Dirty Price**: This is the total price of a bond including accrued interest. It is often not the quoted price since it includes interest that has accumulated since the last coupon payment. 5. **Clean Price**: This is the price of the bond excluding any accrued interest. It is the standard quoted price of a bond in the market. Based on these definitions, the correct answer is: **e. Clean price**