Mathematics, 30.11.2020 22:00 quintencoffman2

Grace wishes to buy a corporate bond with a par value of $1,000 from SFT Legal. If Grace’s broker charges her a commission of 4% of the market value of each bond, and SFT Legal has a market rate of 103.563, how much commission does Grace owe her broker? a. $107.56 b. $41.43 c. $40.00 d. $44.14

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Grace wishes to buy a corporate bond with a par value of $1,000 from SFT Legal. If Grace’s broker ch...

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