question archive Find the cost, including a sales charge of $1 per bond, for the transaction
Find the cost, including a sales charge of $1 per bond, for the transaction
Subject:FinancePrice:2.86 Bought3
Find the cost, including a sales charge of $1 per bond, for the transaction. Bond: FPC Last Price: 82125 Number Purchased: 43 A) 35.31375 B) $42.957.00 C) $82,125.00 D) $35,356.75
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The sales Charge is cost borne by the seller so it will not affect the buyer's cost;-
Total cost of transaction = Face Value*Current price*No of Purchase/100
=1000*82.125*43/100
= $ 35,313.75
So Option A) is correct option
