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.
Answer:
52+46
Step-by-step explanation:
A certificate of deposit earns 1% interest every three months. The interest is compounded.
What is the value of a $35,000 investment after 6 years?
$37,153.21
$39,438.88
$44,440.71
$56,295.30
A. 37,153.21
Answer:50
Step-by-step explanation:
7.5 x 2 = 15
25 x 2 = 50
