SOLUTION: Rosalie Hill sold twelve $1000 bonds having a quoted price of 102. The broker charged a 1.5% brokerage fee. What was the amount Miss Hill received?

SOLUTION: Rosalie Hill sold twelve $1000 bonds having a quoted price of 102. The broker charged a 1.5% brokerage fee. What was the amount Miss Hill received?

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Question 1082481: Rosalie Hill sold twelve $1000 bonds having a quoted price of 102. The broker charged a 1.5% brokerage fee. What was the amount Miss Hill received?
Answer by math_helper(2461) (Show Source): You can put this solution on YOUR website!

12000 * 1.02 * (1-0.015) = $12056.40
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