This should be your answer
Answer:
None of these choices are correct.
Step-by-step explanation:
If a bond is quoted at 99.875, it means that it is sold at 99.875% of the face value;
Face value = 1000
Therefore, Price = 0.99875 * 1000
Price = $998.75
If Leona pays 5.5% of the selling price, it means that she is paying additional cost which will make the total cost more than the quoted price;
5.5% of 998.75 is;
0.055*998.75 = $54.93
The total cost = $998.75 +$54.93
= $1053.68
Therefore, none of the given choices is correct.
For the first one the answer is y=-1x+6 which means x=-1 and y=6
Here are the calculations for Super Sport:
[12 ($72.50 x 0.8)] 1.065 = $741.24
Here is the math for Double Dribbles:
[12($54.75 x 1.09)] + (12 x $5.99) = $788.01
$788.01 - $741.24 = $46.77
The difference in price is $46.77.
