Question 7 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
Bond prices are quoted as a percentage of the $1,000 par value. Agram costs $801.91 per bond, so three cost $2,405.73; two Rayje bonds cost $2,311.00; and one Orlon bond costs $919.31. The total is $2,405.73 + $2,311.00 + $919.31 = $5,636.04, which is choice C.
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