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3 years ago

CORRECT ANSWER GETS BRAINLIEST!!!!!

Business

2 answers:

Anni [7]3 years ago

4 0

Answer: C 1,018.75

Explanation:

Here ill help yall.

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Correct if not leave a dislike

Business Management II B

tresset_1 [31]3 years ago

4 0

Answer:

$1,018.75

Explanation:

How to Calculate the price of a bond

1. Locate the percent of $1,000 that the bond was selling for at the close of the day.

1.01875 (to get this amount in this question, 7/8 = 0.875, then add to 101 = 101.875. Multiply 101.875 * 100 = 1.01875.)

2. Multiply the decimal equivalent of the percent by $1,000.

$1000 * 1.01875 = $1,018.75

3. Round the product to the nearest cent, if necessary.

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3 years ago

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4 years ago

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