calculate the dollar amount

Question

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 $

 

Answer 1

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