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leonid [27]
4 years ago
7

Pierce wishes to purchase a municipal bond with a par value of $500 from Chattahoochee County, and he is trying to decide which

broker he should employ to purchase the bond. Broker A charges a 3.1% commission on the market value of each bond sold. Broker B charges a flat $24 for each bond sold. If the bond has a market rate of 88.754, which broker will give Pierce the better deal, and by how much?
Business
2 answers:
Mrrafil [7]4 years ago
6 0

He should take the option one of sales commission of 3.1% on each bond. If he takes the 2nd option, he is required to pay 24$ per bond. But if he takes the ist option, he is required to pay 15.5$ per bond. 88.754 is the market rate. Total investment is of 500$. Multiply the commission rate with the amount and you get 15.5 $. There is a difference of 8.5 dollars between the two options.

Burka [1]4 years ago
5 0

the answer to this is d


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LenaWriter [7]

Answer:

M1 = $3000

Explanation:

Below is the given values:

Given the currency = $1000

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In order to find the M1, just add the balances of currency and balances of the checking account.

Thus M1 = Currency + Balance of checking account

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3 years ago
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antiseptic1488 [7]

Answer:

The correct answer is letter "C": high on self-monitoring.

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4 0
4 years ago
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AleksandrR [38]

Answer:

B

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3 years ago
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bekas [8.4K]

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Commitment usually refers to the insurer's agreement to assume all inventory risk. A firm commitment also means agreeing to buy and sell all IPO securities directly from the issuer. Other uses of commitments relate to loans and derivatives.

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