10
QuizMultiple Choice

Buying Bonds

Question 10 • Financial Math A

Your broker charges you 2.5% commission on the market value of bonds you buy or sell. If you wish to buy a par value $1,000 bond from Cuyahoga County with a market rate of 86.681, approximately how much will you owe your broker?a.$25.00b.$21.67c.$89.18d.$27.17

Answer
A
A
B
B
C
C
D
D