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Angel Ford Bought 6 Bonds of VBF Company at the Closing

Question 94

Short Answer

Angel Ford bought 6 bonds of VBF Company at the closing price of 82 and 6 bonds of RC Company at the closing price of 87. Assume the commission on the bonds is $4 per bond. What is the total cost of all the purchases?

Correct Answer:

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.82 × $1,000 = $820; 6 ($820)+...

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