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Lubov Fominskaja [6]
3 years ago
15

Jim wants to start investing in bonds. He checks with two brokers to ask them for suggestions of bonds to buy. Broker J, who cha

rges a commission of 3.6% of the market value of all bonds sold, recommends for Jim to buy three par value $500 bonds from the city of Danville, a par value $1,000 bond from Raxin Accounting, and two par value $1,000 bonds from United Rotators. Danville bonds are selling at 114.212, Raxin Accounting bonds are selling at 79.941, and United Rotators bonds are selling at 102.844. Broker K, who charges a fee of $28 for each bond sold, recommends that Jim buy five par value $500 bonds from Fort Bend County, a par value $1,000 bond from the U.S. Treasury, and two par value $500 bonds from Iwad Records. Fort Bend bonds are selling at 91.090, Treasury bonds are selling at 101.163, and Iwad Records bonds are selling at 107.252. Based on the current information, which broker’s bond package will cost Jim less money up front, and how much less will it cost him? a. Broker J’s suggestion will cost Jim $59.57 less than Broker K’s suggestion. b. Broker J’s suggestion will cost Jim $62.00 less than Broker K’s suggestion. c. Broker K’s suggestion will cost Jim $148.57 less than Broker J’s suggestion. d. Broker K’s suggestion will cost Jim $208.07 less than Broker J’s suggestion. 
The answer is C
Mathematics
2 answers:
Gala2k [10]3 years ago
8 0
I agree with the given answer because of the gain or loss on retirement of bonds = book value of bonds - the amount paid to the bondholders
SSSSS [86.1K]3 years ago
8 0
<h2><em>the answer is C.  Broker K’s suggestion will cost Jim $148.57 less than Broker J’s suggestion. on E2020</em></h2>
You might be interested in
What is 7 1/12 - 2 3/4 in simplest form
stich3 [128]

7 1/12  -  2 3/4

First we have to change mixed numbers to improper fractions

7 1/12  =  7 x 12 + 1 = 85   85/12

2 3/4  =  2 x 4 + 3 =  11     11/4

 85/12 - 11/4

Now we need to find the LCD (least common denominator) for 4 and 12

4, 8, 12

12

12 is our LCD, so it becomes our new denominator

85/12 would stay the same because the denominator wasn't changed but for 11/4 our new denominator is 12, so our fraction will change.

11/4  =  33/12 

4 goes into 12, 3 times. What you do to the bottom, you do to the top.

3 x 11 = 33

3 x 4 = 12

So, our new fraction is 33/12.  Now we subtract

85/12  -  33/12  =  52/12

Now we convert back to a mixed number

52 ÷ 12 = 4 4/12 reduce

4 1/3

Hope this helps.


6 0
3 years ago
I need help with this
otez555 [7]

Answer:

what

Step-by-step explanation:

7 0
3 years ago
PLEASE I NEED THIS NOW 50 POINTS
4vir4ik [10]
25g = r , i think.

I would give an explanation but you seem in a hurry! Have a good day and good luck!
6 0
3 years ago
I need help plz in opt math..plzz​
jeka94

Answer:

the value of y=2

here ,

(2x-1,3y-2)=(x+2,2y)

then,

3y-2=2y{corresponding elements}

3y-2y=2

or, y=2

hence the value of y=2

8 0
2 years ago
Read 2 more answers
PLEASE HELP ASAP!!!!! i’ll mark brainlest
hoa [83]

Answer:

It would be hundreds

Step-by-step explanation:

I hope it is right :I

4 0
3 years ago
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