Answer:
The answer is "True".
Explanation:
Please find the complete question in the attached file.
It implies that its price of the bond is 101-16, which is to say
[tex]\to 101 + \frac{16}{32}\\\\\to \frac{3232+ 16}{32} \\\\\to \frac{3248}{32} \\\\\to 101.5[/tex]
Each bond is thus stated as [tex]101.5 \%[/tex] face value
[tex]\to 101.5\% \times 100,000 \\\\\to 101,500.00[/tex]
That's why this statement is true.
