Answer:
The computation shows that the cost of each bond is A. $3142.50
How to solve the cost?
From the complete information given, the price of the bond is given as $2856.80 each.
Therefore, with the commission, the price will be:
= $2856.80 + (10% × $2856.80)
= $2856.80 + $285.68
= $3142.50
In conclusion, the cost of each bond is $3142.50.
Explanation:
or b