Search
Ask a question
0

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

price for bonds 109 and i purchased 2

Comments

Need to provide more data, such as bond yield

1 Answer by Expert Tutors

Tutors, sign in to answer this question.
Sue C. | Let me be your guide to success!Let me be your guide to success!
4.0 4.0 (1 lesson ratings) (1)
0

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.