SOLUTION: Seven corporate $1,000 bonds quoted at 101 3/4 were purchased. If a $10 brokerage fee was paid per bond, find the total cost.

SOLUTION: Seven corporate $1,000 bonds quoted at 101 3/4 were purchased. If a $10 brokerage fee was paid per bond, find the total cost.

Algebra.Com

Question 448593: Seven corporate $1,000 bonds quoted at 101 3/4 were purchased. If a $10 brokerage fee was paid per bond, find the total cost.
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
7x101.75+7x10=712.25+70=$782.25..
RELATED QUESTIONS
Ten corporate $1,000 bonds quoted at 100 3/4 were purchased. If a $12 brokerage fee was... (answered by CPhill)

Joseph sold five $1,000 bonds, each having a quoted price of 101 3/4. The broker charged... (answered by ewatrrr)

Rosalie Hill sold twelve $1000 bonds having a quoted price of 102. The broker charged a... (answered by math_helper)

Seventy Php1,000 bonds were purchased by Jim at 92.15 and sold at 110.23.If the broker's... (answered by greenestamps)

Last year, Austin invested his money in two purchases. He purchased a certificate of... (answered by mananth)

Last year, Goran invested his money in two purchases. He purchased a certificate of... (answered by stanbon)

In March of 2020 PepsiCo, Inc. (PEP) sold $750million worth of 40-year 3.875% coupon... (answered by parmen)

David Saxon invested $25000 in two different corporate bonds for 1 year.One bond pays a... (answered by mananth)

Pablo invested $45,000 in two bonds. The first bond paid 3% interest per year and the... (answered by checkley77)