On June 1, Dave Byers bought 10 Continental Technology bonds with a coupon rate of 9% interest paid on May 1 and November 1. The purchase price was 92.750 and the commission was $5 per bond. Dave sold the bonds on October 1 for 94.50. What was his total gain on this investment?
What will be an ideal response?
$375
You might also like to view...
A particular product line should not be dropped if:
A) its total fixed costs are more than its contribution margin. B) its avoidable fixed costs are less than its contribution margin. C) its unavoidable fixed costs are more than its contribution margin. D) its variable costs are more than its fixed costs.
Change is one of the main causes of stress in our lives.
a. true b. false
You have just used a computer spell-check program on your correspondence. However, you later discover that the program has failed to distinguish the difference between "affect" and "effect." The spell-check program has overlooked
A) Homonyms. B) Context. C) Proper nouns.
Zoning restrictions on religious organizations are subject to strict scrutiny review
Indicate whether the statement is true or false