492,787 views
37 votes
37 votes
Drew has invested in Iwad Records. He owns three par value $1,000 bonds from them, which are currently selling for 99. 773. He also owns 600 shares of Iwad Records stock, the current value of which is $5. 28 per share. If, when Drew made his investment, Iwad Records bonds had a market price of 94. 561 and stock in the same company sold for $5. 00 per share, which investment has increased in value more, and by how much? a. The value of Drew’s bonds has increased by $4. 83 more than the value of his stocks. B. The value of Drew’s bonds has increased by $9. 87 more than the value of his stocks. C. The value of Drew’s stocks has increased by $11. 64 more than the value of his bonds. D. The value of Drew’s stocks has increased by $34. 92 more than the value of his bonds.

User Lord Vermillion
by
2.4k points

1 Answer

12 votes
12 votes

The value of Drew's stocks has increased by $11.64 more than the value of his bonds.

User Ahmad Sharif
by
2.9k points