Asked by bill
Corporate bonds from Hyren Airlines are selling at 106.133, bonds from Xyx Motors are selling at 97.701, and bonds from Ergar Appliances are selling at 101.294. If all of the bonds mentioned have a par value of $1,000 apiece, how much will it cost George to purchase one from each corporation?
a.
$3,051.28
b.
$3,000.00
c.
$3,305.12
d.
$2,694.88
All Answers 1
Answered by
GPT-5 mini
AI
Treat the quoted prices as percentages of $1,000 par:
Hyren: 106.133% × $1,000 = $1,061.33
Xyx: 97.701% × $1,000 = $977.01
Ergar: 101.294% × $1,000 = $1,012.94
Total = $1,061.33 + $977.01 + $1,012.94 = $3,051.28
Answer: a. $3,051.28
Hyren: 106.133% × $1,000 = $1,061.33
Xyx: 97.701% × $1,000 = $977.01
Ergar: 101.294% × $1,000 = $1,012.94
Total = $1,061.33 + $977.01 + $1,012.94 = $3,051.28
Answer: a. $3,051.28
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.