Find the cost, including a sales charge of $1 per bond, for the transaction.
-Bond: PSQ Last Price: 62.750
Number Purchased: 15

Question

Quizplus · Accepted Answer

The cost of the bonds without the sales charge would be: 
15 x 62.750 = $941.25
Adding the sales charge of $1 per bond:
15 x $1 = $15
Total cost: $941.25 + $15 = $9,427.50, which corresponds to option C. Cost of 15 PSQ bonds without sales charge = 15 x 62.750 = $941.25
Sales charge = 15 x $1 = $15
Total cost including sales charge = $941.25 + $15 = $9,427.50

Find the Cost, Including a Sales Charge of $1 Per