Tabitha is considering the purchase of 25 bonds. What is the ...

[humphriesbr@me.com]

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?

[aloop]

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]

Gracias!

[jomama]

Thanks for the timely response, appreciate it