Question

Find the cost of 12 1,000 bonds at a quotation of 84 1/2. (If you could show work,it would be greatly appreciated!)

Answer 1

84.5 US style means 845 per thousand

Answer 2

@estudier So it'd be 12,000*845?

Answer 3

Thanks!:}

Answer 4

No, just 12 by 845

Answer 5

U get it?

Answer 6

10,140?

Answer 7

You have 12000 dollars worth of bonds (face value).

It will cost 10,140 to buy them.

Answer 8

Ok,thank you!!! :}

Answer 9

u r welcome.