1. Fred salmon purchased six 1,000 bonds at 92. The bonds pay 6.5%

Question

What was the cost of the bonds?
What was the total annual interest?
What is the yield (to the nearest percent)?

2. John Tucker is interested in purchasing stock. He wants to determine the costs.
Number of shares: a100 XYZ Price per share: a16.25
b50 ABC b29.32
c400 QQ c11.77

Total: a1,625
b2,466
c4,708


what is the commission @ 6% of Total, for a.
Then what is it for b, then c?
Then what is the total cost for a, then do b, and then c.

3.
Chucks computer corporation has 10,000 shares of stock outstanding.

If it declares dividends of 12,000, what is the dividend per share of stock?

What would be your share of the declared dividend if your owned 50 shares?

Answer 1

1. The cost of the bonds was $6,000. The total annual interest was $390. The yield was 6.5%.

2. The commission for a is $97.50, for b is $148.98, and for c is $281.50. The total cost for a is $1,722.50, for b is $2,614.98, and for c is $4,989.50.

3. The dividend per share of stock is $1.20. Your share of the declared dividend if you owned 50 shares would be $60.