Question

Daniel buys one bond each with a par value of $1,000 from Grath Oil, Ombor Medical Supplies, and Dwyn Horticulture. Grath Oil bonds are selling at 120.514, Ombor Medical Supplies bonds are selling at 90.773, and Dwyn Horticulture bonds are selling at 101.180. What is the total face value of Daniel’s bonds?

Answer 1

B.) 3,000.00

Explanation:

Just took the test and got it right.

Answer 2

Answer: The total face value of Daniel's bonds= $3,000.

Explanation:

Given: Daniel buys one bond each with a par value of $1,000 from Grath Oil, Ombor Medical Supplies, and Dwyn Horticulture.

Therefore, the face value for each bond = $1,000

The total number of bonds =3

Therefore, the total face value of Daniel's bonds
`=3*\$1,000=\$3,000`

Hence, the total face value of Daniel's bonds= $3,000