156k views
2 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 Marquita
by
7.3k points

1 Answer

0 votes

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

User Paulo Araujo
by
7.0k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories