Question

Five years ago, benjamin invested in parchar special effects. he purchased four par value $1,000 bonds from parchar special effects at a market rate of 96.230. each bond had an interest rate of 7.2%. benjamin also purchased 200 shares of stock in the same company, each of which cost $19.08 and had a yearly dividend of $2.04. today, bonds from parchar special effects have a market rate of 104.595, and stock in parchar special effects costs $22.62. if benjamin liquidates his portfolio and sells all of his investments, which aspect of his investment will have yielded him a greater total profit, and how much greater is it?

Answer 1

Answer:

The answer is D. $973.36

Step-by-step explanation:

I'm taking the test, but the answer the other guy gave is slighty off, so I'm just correcting their error.

Answer 2

D) The stocks yielded $973.40 more in profits than the bonds.