Use the given bond table to find the requested value for Solar Energy (SNG) bonds maturing in 2022.
-Volume of bonds sold

Question

Use the given bond table to find the requested value for Solar Energy (SNG) bonds maturing in 2022. 
-Volume of bonds sold

Quizplus · Accepted Answer

The value of Solar Energy (SNG) bonds maturing in 2022 is found in the column labeled "Maturity Date 7/31/2022". The corresponding value for the volume of bonds sold in that row is $1,001.50. To find the total value of the bonds sold, we need to multiply the volume by the price: 30,045,000 x $1,001.50 = $30,083,622,500. Therefore, the correct choice is C, which represents the value in millions of dollars (30,045,000). To find the volume of Solar Energy (SNG) bonds maturing in 2022, we need to look at the row with the maturity date of 08/15/2022. The volume column corresponding to this row shows that 30,045,000 bonds were sold with a coupon rate of 4.375%. Therefore, the correct answer is C)30,045,000.

Use the Given Bond Table to Find the Requested Value