Question

You purchase six municipal bonds on the first of the year. The current market value price is 103. The commission charge is $5 per bond. What is the cost of the purchasing these bonds?

a.
$6210
b.
$633
c.
$648
d.
$3090

Answer 1

Answer:
Letter C

Step-by-step explanation:
Why letter C?
You purchased 6 bonds for the price of 103 dollars the commission is 5 dollars for each, therefore we will add 103 + 5 and multiply by 6
(103 + 5) 6
(108)6
648
Or
6(103)+6(5)
618+30
648

Answer 2

C

Step-by-step explanation:

(103 + 5) * 6 = 648