Find the cost, including a sales charge of $1 per bond, for the transaction.
-Bond: FPC
Last Price: 82.125
Number Purchased: 10

Question

Quizplus · Accepted Answer

The cost of the transaction is calculated by multiplying the last price of the bond by the number of bonds purchased and then adding the sales charge per bond. The calculation is as follows: (82.125 * 10) + (1 * 10) = 821.25 + 10 = $822.25. Since the question seems to imply a larger scale (possibly due to a misunderstanding in the decimal placement or the actual value of bonds, which are typically quoted per $100 of face value), the correct calculation considering bonds' typical pricing would be: (82.125 * 1000 * 10) + (1 * 10) = 821,250 + 10 = $821,260, which is not an option provided. Given the options, the closest and correct choice based on the provided calculation method is $8,222.50, which accounts for the sales charge correctly.

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