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calculate the dollar amount

Calculate the total dollar amount you would pay at the quoted price for the bond (disregard commission or any interest that may have accrued). (Omit the "$" sign in your response.)

Company, Bond price Number, of bonds purchased
Wang          113                                   3

Total Dollar amount of purchase price $

 

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1 Answer

If I'm understanding correctly, you are trying to find the price per bond when you are given that the price for purchasing 3 bonds is a total of $113...?

If that is the case, then all you would need to do is divide $113 by 3 to find the price per 1 bond.

So,     113/3 = 37.66666667 ≈ 37.67

Thus, the total dollar amount you would pay per bond is $37.67