Author Question: Find the total purchase price of 35 bonds that have a coupon rate of 4.50 and a current market price ... (Read 139 times)

penguins · **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)