Answer:
Step-by-step explanation:
-4/
3
) = -5/
8
- (-4/
3
) = -5 · 3/
8 · 3
- (-4) · 8/
3 · 8
= -15/
24
- (-32/
24
) = -15 - (-32)/
24
= 17/
24
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.
B. Its suggesting something bigger than -5
Answer:
24
Step-by-step explanation:
