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17 December, 16:11

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?

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  1. 17 December, 16:39
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    First, find the number of investment, then use that # to find how much. If 5.28 is for per share, the current value would be about 11.50 of an increase.
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