« previous next »

Author Question: On June 1, Dave Byers bought 10 Continental Technology bonds with a coupon rate of 9 interest paid ... (Read 79 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
on: Jun 24, 2018
On June 1, Dave Byers bought 10 Continental Technology bonds with a coupon rate of 9 interest paid on May 1 and November 1. The purchase price was 92.750 and the commission was 5 per bond. Dave sold the bonds on October 1 for 94.50. What was his total gain on this investment?

Question 2

Narrative 11-1 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Refer to Narrative 11-1. Calculate the compound interest on an investment of 28,000 at 4 interest, compounded quarterly, for 2.5 years.
 A) 2,299.42
  B) 2,942.29
  C) 2,929.36
  D) 2,992.42


komodo7

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 24, 2018
Answer to Question 1

375

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

The formation of covalent bonds The formation of covalent bonds
Fluidization - Reaction Rate Chart Fluidization - Reaction Rate Chart
Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ... Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ...
How to convert units of any rate to another (Part 2) How to convert units of any rate to another (Part 2)
Outgroup role in relative rate test Outgroup role in relative rate test
June 21 2023 June 21 2023
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library