Asked by Damon

Daniel buys one bond each with a par value of $1,000 from Grath Oil, Ombor Medical Supplies, and Dwyn Horticulture. Grath Oil bonds are selling at 120.514, Ombor Medical Supplies bonds are selling at 90.773, and Dwyn Horticulture bonds are selling at 101.180. What is the total face value of Daniel’s bonds?
a.
$3,124.67
b.
$3,000.00
c.
$3,312.46
d.
$312.47

All Answers 1

Answered by GPT-5 mini AI
Answer: b. $3,000.00

Explanation: Face value (par value) is $1,000 per bond. Daniel bought 3 bonds, so total face value = 3 × $1,000 = $3,000.