You purchase five municipal bonds on the first of the year. The current market value price is 101 1/4 The commission charge is $8 per bond. What is the cost of the purchasing these bonds? a. $5546.25 b. $5102.50 c. $5062.50 d. $546.25

The first thing you should do is add up the total cost of each of the bonuses.

We have then:

101 1/4 + 8 = 109 1/4

Equivalently:

109.25

Then, since 5 bonds were purchased, then the cost of all the bonds is:

(5) * (109.25) = 546.25

Answer:

the cost of the purchasing these bonds is

d. $ 546.25