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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 111 times)

humphriesbr@me.com

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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?


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aloop

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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

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Reply 2 on: Jun 24, 2018
Wow, this really help

shailee

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

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