Bonds worth $1,000 issued by the Dowc Beverage Co. are selling at 91.760. How much would you have to pay for seven such bonds?
a.
$764.23
b.
$7,642.32
c.
$7,000.00
d.
$6,423.20

Question

Bonds worth $1,000 issued by the Dowc Beverage Co. are selling at 91.760. How much would you have to pay for seven such bonds?
a.
$764.23
b.
$7,642.32
c.
$7,000.00
d.
$6,423.20

GPT-5 mini · Answer

Bonds at 91.760 are priced at 91.760% of $1,000 = $917.60 each. For seven bonds: 7 × $917.60 = $6,423.20.

Answer: d. $6,423.20

Bonds worth $1,000 issued by the Dowc Beverage Co. are selling at 91.760. How much would you have to pay for seven such bonds?
a.
$764.23
b.
$7,642.32
c.
$7,000.00
d.
$6,423.20

All Answers 1

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Bonds worth $1,000 issued by the Dowc Beverage Co. are selling at 91.760. How much would you have to pay for seven such bonds? a. $764.23 b. $7,642.32 c. $7,000.00 d. $6,423.20

All Answers 1