1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ozzi
3 years ago
5

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? a. Broker B’s commission will be $9.75 less than Broker A’s. b. Broker B’s commission will be $3.51 less than Broker A’s. c. Broker A’s commission will be $13.76 less than Broker B’s. d. Broker A’s commission will be $10.24 less than Broker B’s.
Mathematics
2 answers:
torisob [31]3 years ago
7 0

Answer:

(d)              

Step-by-step explanation:

Bond's par value = $500

market value of the bond = 88.754% * 500

                                           = 443.77

Commission rate charged by broker A = 3.1%

Commission of broker A = \frac{3.1}{100}*443.77

                                        = $13.75687

Commission of broker B = $24

Difference between the commission of broker A and broker B = 24-13.756

                                                                                                      = $10.24

Hence, (d) Broker A's commission will be $10.24 less then Broker B's.

ANTONII [103]3 years ago
3 0

Answer: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.

The answer is D

You might be interested in
I need help I don’t understand this
Hatshy [7]

Answer:

Step-by-step explanation:

lets say "a" for the empty line,

for small triangle; y^2 = 2^2 + x^2

right triangle; we say a for empty line, a^2= 6^2 + x^2

and big triangle covering both triangles, 8^2 = y^2 + a^2

lets add left sides and right sides in each;

x^2 + 4 + x^2 + 36 + y^2 + a^2 = y^2 + a^2 + 64 and we can delete same things for both sides

y^2 and a^2 can be deleted and 4+36 - 64

2(x^2)=24

x^2= 12

and x will be √12

so, y^2 = x^2 + 2^2 which means y^2 = 12+4 y=16

4 0
2 years ago
What is part a line has one endpoint and continues in one direction
LenaWriter [7]
Well the line is called a ray because because the left of the endpoint  is a dot and it doesn't go anywhere. So your answer is a ray.

hope that helped
8 0
3 years ago
Read 2 more answers
How do u express a ratio as a decimal
Viktor [21]
Perform the indicated division ... divide the numerator by the denominator.
The quotient is the decimal form of the ratio.
6 0
3 years ago
What is 234 x 46782 ??
Alinara [238K]

the answer for this would be 10,946,988.

5 0
3 years ago
To make 6 servings of fruit punch Lisa uses 3 cups of grape juice, 2 cups of water and 1/4 cups of sugar. How many cups of sugar
Alika [10]
That will be one-third.
7 0
3 years ago
Other questions:
  • Kellp me answerquestion 1
    13·1 answer
  • Calculate: 2.7·6.2–9.3·1.2+6.2·9.3–1.2·2.7<br> not pemdas. some shortcut method plz
    15·2 answers
  • The midpoint of segment AB is (3,5). What are the
    15·1 answer
  • If the discriminant of a quadratic equation is equal to -8, which statement describes the roots?
    9·2 answers
  • Let f(×) = x - 2 and g(x) = x2- 7x -9
    13·1 answer
  • Chef Rita Is cooking for a Sunday brunch.She knows that 22 pancakes can feed 8 people.She is wondering how many people she can f
    7·2 answers
  • Write the standard form of the equation of the circle with the given characteristics.
    13·1 answer
  • 4 ten thousands 4 thousands standard form
    12·2 answers
  • The length from the center of a wind turbine to the tip of one of its blades measures 32 meters. What is the approximate distanc
    15·1 answer
  • I will give Brainliest
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!