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Volgvan
3 years ago
15

A bond with a face value of $ 90000 and a quoted price of 104 has a selling price​ of: (Round your final answer to the nearest​

dollar.) A. $ 93600. B. $ 90000. C. $ 86538. D. $ 99 000.
Business
1 answer:
Alecsey [184]3 years ago
3 0

Answer:

A. $93,600

Explanation:

Data provided as per the question below:-

Face value = $90,000

Quoted price = 104

The computation of selling price is shown below:-

Selling Price = Face value × Quoted price ÷ 100

= $90,000 × 104 ÷ 100

= $90,000 × 1.04

= $93,600

Therefore for computing the selling price we simply applied the above formula.

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In this case, Wanda can calculate the revenue for her Employee Appreciation Day event by using this formula:

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Thus, Wanda’s expected revenue is $1,914, assuming that half of the employees are married and will be attending the Employee Appreciation Day alongside their spouse.  


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