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Author Question: You purchase 30 bonds with a coupon rate of 5.875 and a current market price of 89. The commission ... (Read 145 times)

rl

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on: Jun 24, 2018
You purchase 30 bonds with a coupon rate of 5.875 and a current market price of 89. The commission charge is 15.00 per bond. The date of the transaction is September 1, and the bond pays interest on January 1 and July 1. What is your total purchase price?
 A) 27,200.00
  B) 27,443.75
  C) 27,800.00
  D) 27,791.60

Question 2

Patty wants to pay off a medical bill. He took out a loan for 1,250 with his credit union, at 6.25 interest, for 2.5 years. What is the amount of interest on Patty's loan? (Round to the nearest cent)


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kiamars2010

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

B

Answer to Question 2

195.31


rl

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

gcook

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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