How to Buy Municipal Bonds Directly The Balance
Nov 19, 2018· Buying Municipal Bonds in the Secondary Market. The price of a bond is quoted as if the bond was selling for 100, however, the face value is normally 1,000. So if you were quoted a price of 98 and you bought 10 bonds, the total cost would be 9,800 (98 price of bond x 100 = 980 value per bond x 10 bonds = 9,800).