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Author Question: Tabitha is considering the purchase of 25 bonds. What is the annual interest for the bonds when the ... (Read 101 times)

humphriesbr@me.com

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Tabitha is considering the purchase of 25 bonds. What is the annual interest for the bonds when the settlement date is on the interest date? Face value of each bond: 900 Price per bond: 68.15 Interest rate: 10.65 Commission per 1,000 bond: 10

Question 2

Tony has 325 shares of a computer manufacturer's common stock. There are dividends of 1,500,000 to be distributed among its common stockholders. There are 575,000 shares of common stock outstanding. How much will Tony receive?



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aloop

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Answer to Question 1

2,396.25;
25  900  0.1065 = 2,396.25

Answer to Question 2

848.25;
1,500,000  575,000 = 2.61
325  2.61 = 848.25




humphriesbr@me.com

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


mjenn52

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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