This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On May 1, James Kirby purchased 10 Oceanic Corporation bonds with a coupon rate of 9 and a current ... (Read 74 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 24, 2018
On May 1, James Kirby purchased 10 Oceanic Corporation bonds with a coupon rate of 9 and a current market price of 106.375. The commission charge is 5.00 per bond. The bond pays interest on January 1 and July 1. What was the total purchase price?

Question 2

Compound interest yields considerably ___________________ _ interest than simple interest.
 Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vseab

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 24, 2018
Answer to Question 1

10,987.50

Answer to Question 2

higher


Arii_bell

  • Member
  • Posts: 596
Reply 2 on: Jun 24, 2018
:D TYSM

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

The ozone hole in September, 2003. Even as scientists verified that the rate of ozone depletion was The ozone hole in September, 2003. Even as scientists verified that the rate of ozone depletion was
William James (1842‑1910). William James (1842‑1910).
Kerry James Marshall. Many Mansions. Kerry James Marshall. Many Mansions.
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011 Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
Chemical Bonds Chemical Bonds
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library