8
QuizMultiple Choice

Stocks and Bonds

Question 8 • LVA - Mathematical Modeling - Spring

You purchase 8 municipal bonds on the first of the year. The current market value price is 99. The commission charge is $6 per bond. What is the cost of the purchasing these bonds?

Question illustration
Answer
A
$1039.25
B
$991.25
C
$7978
D
$7930
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