Calculate the total dollar amount you would pay at the quoted price for the bond

Question

price for bonds 109 and i purchased 2

Answer 1

Chellienne,

If I take your question just as you have stated it the following would be the equation and answer: $109.00 * 2 = $218.00. I am however, sure there is more to your question than this. So, I'm afraid I can't answer your question without more information. The bond yield also plays a part in calculating the total dollar amount you would pay.