This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Find the total purchase price of 35 bonds that have a coupon rate of 4.50 and a current market price ... (Read 261 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
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)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Edwyer

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

2,255.31


penguins

  • Member
  • Posts: 903
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

The iron atom of heme has six coordination bonds: four in the plane The iron atom of heme has six coordination bonds: four in the plane
Selected Complications of Total Parenteral Nutrition Selected Complications of Total Parenteral Nutrition
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
A current-carrying wire is placed in a uniform magnetic field, as shown below. A current-carrying wire is placed in a uniform magnetic field, as shown below.
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total
Video: Transcription—A molecular view

For a complete list of videos, visit our video library