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.
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Question 448593
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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)
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7x101.75+7x10=712.25+70=$782.25..