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 81 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
Great answer, keep it coming :)

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Oceanic Crust Has a Well-defined Internal Structure Oceanic Crust Has a Well-defined Internal Structure
The Rate Law The Rate Law
Sample Workout in the Target Heart Rate Range Sample Workout in the Target Heart Rate Range
Advection of an air mass with a different ELR (environmental lapse rate). Advection of an air mass with a different ELR (environmental lapse rate).
Ionic Bonds: Cations vs. Anions Ionic Bonds: Cations vs. Anions
Outgroup role in relative rate test Outgroup role in relative rate test
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library