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

Question

Revolt · Accepted Answer

B

Buying Bonds

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

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