Question 4 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
Bond prices are quoted as percentages of par value. Eva paid $1,176.45 for the January bonds (3 × $500 × 0.78430), $478.26 for the May bond, and $1,724.40 for the June bonds, for a total cost of $3,379.11. She sold all 8 bonds for $3,498.16 (8 × $500 × 0.87454), so her profit was $3,498.16 − $3,379.11 = $119.05, choice D.
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