Question

Corporate bonds from Hyren Airlines are selling at 106.133, bonds from Xyx Motors are selling at 97.701, and bonds from Ergar Appliances are selling at 101.294. If all of the bonds mentioned have a par value of $1,000 apiece, how much will it cost George to purchase one from each corporation? a. $3,051.28 b. $3,000.00 c. $3,305.12 d. $2,694.88

Answer 1

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Explanation:

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Answer 2

Given:
Hyren Airlines - 106.133
Xyx Motors - 97.701
Ergar Appliances - 101.294
Par Value - $1,000 a piece

Hyren Airlines: 1,000 * 106.133 = 106,133
Xyx Motors: 1,000 * 97.701 = 97,701
Ergar Appliances: 1,000 * 101.294 = 101,294
Total 305,128

305,128 / 100 = 3,051.28

George will spend $3,051.28 to purchase one bond from each corporation.