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

Author Question: Tabitha is considering the purchase of 25 bonds. What is the annual interest for the bonds when the ... (Read 95 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
on: Jun 24, 2018
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 24, 2018
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

  • Member
  • Posts: 550
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

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

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Nonpolar and polar bonds in an organic molecule Nonpolar and polar bonds in an organic molecule
Political parties vs interest groups Political parties vs interest groups
Ionic Bonds: Cations vs. Anions Ionic Bonds: Cations vs. Anions
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Mitosis step-by-step

For a complete list of videos, visit our video library