Will medal and fan!
Calculate the closing percentage of the face value for a $3,000 bond with a closing price of $3,165

Question

Will medal and fan!
Calculate the closing percentage of the face value for a $3,000 bond with a closing price of $3,165

prepfortears · Answer

@jim_thompson5910 @zepdrix @TheSmartOne @radar

jalilforeal · Answer

94.8 aprrox.

prepfortears · Answer

the choices are 101.5, 100.5, 102.5, and 105.5

prepfortears · Answer

i believe the answer is 105.5

here_to_help15 · Answer

Sorry i don't understand the question.

prepfortears · Answer

it wants a percentage. it started at 3,000 and ended at 3,165. it wanted to know what percentage it rose. 3165/3000=1.055 which is 101.5%

jalilforeal · Answer

Why ask us when you know the answer?

here_to_help15 · Answer

Ohhh ok let me help

here_to_help15 · Answer

Did you multiply to check if you were right?

here_to_help15 · Answer

@HelpBlahBlahBlah @Nnesha

here_to_help15 · Answer

@prepfortears it has to be asking something else because from 3000 to 3165 is about a 5% increase