15
QuizMultiple Choice

Buying and Selling Stock — Unit test

Question 15 • FL-2102373-Personal Finance and Money Management Honors

Drew has invested in Iwad Records. He owns three par value $1,000 bonds from them, which are currently selling for 99.773. He also owns 600 shares of Iwad Records stock, the current value of which is $5.28 per share. If, when Drew made his investment, Iwad Records bonds had a market price of 94.561 and stock in the same company sold for $5.00 per share, which investment has increased in value more, and by how much? (HINT: difference/original) a. The value of Drew’s bonds has increased by $4.83 more than the value of his stocks. b. The value of Drew’s bonds has increased by $9.87 more than the value of his stocks. c. The value of Drew’s stocks has increased by $11.64 more than the value of his bonds. d. The value of Drew’s stocks has increased by $34.92 more than the value of his bonds. Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D
Previous
Next