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Author Question: Find the total purchase price of 35 bonds that have a coupon rate of 4.50 and a current market price ... (Read 194 times)

penguins

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on: Jun 24, 2018
Find the total purchase price of 35 bonds that have a coupon rate of 4.50 and a current market price of 102.375. The commission charge is 5.00 per bond. The date of the transaction is April 1, and the bond pays interest on January 1 and July 1.
 A) 30,225
  B) 36,400
  C) 30,226
  D) 30,426

Question 2

Pauly wants to pay off a credit card bill. He took out a loan for 1,750 with his credit union, at 8.25 interest, for 3.5 years. What is the maturity value of Pauly's loan? (Round to the nearest cent)


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Edwyer

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

2,255.31


penguins

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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