Bonds worth $1,000 issued by the Dowc Beverage Co. are selling at 91.760. How much would you have to pay for seven such bonds?

A bond selling at 91.760 costs 91.760% of its $1,000 face value: $1,000 × 0.91760 = $917.60 per bond. For seven bonds, $917.60 × 7 = $6,423.20, so the correct choice is $6,423.20.

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