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Mathematics, 27.06.2019 10:00 tylerwoodson
Pierce wishes to purchase a municipal bond with a par value of $500 from chattahoochee county, and he is trying to decide which broker he should employ to purchase the bond. broker a charges a 3.1% commission on the market value of each bond sold. broker b charges a flat $24 for each bond sold. if the bond has a market rate of 88.754, which broker will give pierce the better deal, and by how much? a. broker b’s commission will be $9.75 less than broker a’s. b. broker b’s commission will be $3.51 less than broker a’s. c. broker a’s commission will be $13.76 less than broker b’s. d. broker a’s commission will be $10.24 less than broker b’s.
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Pierce wishes to purchase a municipal bond with a par value of $500 from chattahoochee county, and h...
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