IDNLearn.com makes it easy to get reliable answers from knowledgeable individuals. Our platform provides accurate, detailed responses to help you navigate any topic with ease.
Drew has invested in Iwad Records. He owns three par value $1,000 bonds from them, which are currently
selling for 99.773. He also owns 600 shares of Iwad Records stock, the current value of which is $5.28 per
share. If, when Drew made his investment, Iwad Records bonds had a market price of 94.561 and stock in the
same company sold for $5.00 per share, which investment has increased in value more, and by how much?
(HINT: difference/original)
a. The value of Drew's bonds has increased by $4.83 more than the value of his stocks.
b. The value of Drew's bonds has increased by $9.87 more than the value of his stocks.
C.
The value of Drew's stocks has increased by $11.64 more than the value of his bonds.
d.
The value of Drew's stocks has increased by $34.92 more than the value of his bonds.
Sagot :
We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.
