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Svetllana [295]
3 years ago
6

Leona purchased a $1,000 bond having a quoted price of 99.875. She had to pay a 5.5% brokerage fee (of the selling price). What

was the total cost of the bond (to the nearest whole cent)?
$943.82
$1,064.44
$534.77
$2,054.22
None of these choices are correct.
Mathematics
1 answer:
Ede4ka [16]3 years ago
3 0

Answer:

None of these choices are correct.

Step-by-step explanation:

The quoted value of 99.875, means that this bond is sold at 99.875%  of the face value and not at a price of  $99.875.

Therefore, calculate price;

Price = 0.99875 * 1000

Price = $998.75

Since brokerage fees is 5.5% of the selling price, Leona will pay additional cost to the quoted price making the total cost to be more than $998.75;

Brokerage fees = (0.055*998.75) = $54.93

Total cost = $998.75 +$54.93

= $1053.68

Therefore, none of the choices is correct.

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andriy [413]
1/6 -1/10 
= 10/60 - 6/60
= 4/60
= 1/15
6 0
3 years ago
Read 2 more answers
9) Gabe has a 40¢-off coupon for any kind of popcorn. He can choose
Vadim26 [7]

Answer:

Per ounce better buy is <em>Happy popcorn</em>.

Step-by-step explanation:

Given that:

Happy popcorn price for 16 ounces = $1.39

Popper popcorn price for 34 ounces = $2.79

Discount coupon present with Gabe = 40 ¢ = $0.40

To find:

Which brand is the better buy per ounce?

Solution:

First of all, let us calculate the price that Gabe has to pay after the discount coupon being applied.

Price for 16 ounces of Happy popcorn after discount = $1.29 - $0.40 = $0.99

Price for 1 ounce of Happy popcorn after discount = \frac{\$0.99}{16} = $0.062

Price for 34 ounces of Popper popcorn after discount = $2.79 - $0.40 = $2.39

Price for 1 ounce of Popper popcorn after discount = \frac{\$2.39}{34} = $0.070

Clearly, per ounce price of Happy popcorn is lesser than that of Popper popcorn.

Therefore per ounce better buy is <em>Happy popcorn</em>.

6 0
3 years ago
Bob plays a game at the school fair. He starts with 0 points. He gets 25 throws
kolbaska11 [484]
Whats the question exactly??

8 0
3 years ago
What is the distance around a triangle that has sides measuring 2/18 feet 3/12 feet and 2/12 feet
Minchanka [31]
The distance around an object is called the perimeter. To get the perimeter, you add up the sides. So, 2/18 + 3/12 + 2/12 = your answer.


4 0
3 years ago
2/3 + w = 3/2 what is w
german

Answer:

0.8333

Step-by-step explanation:

2/3 + x

x + 2/3

x + 2/3 = 3/2

x + 2/3 - 3/2 = 0

2/3 - 3/2 = 4/6 - 9/6 = - 5/6

x - 5/6 = 0

use linear function

f(x) - ax + b

f(x) = x - 5/6

a = 1

b = - 5/6

x- 5/6= 0

x = 5/6

x = 0.8333

6 0
3 years ago
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