Question 23 • CARE_24_25_TX-Mathematical Models with Applications B
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)
Answer
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.