Corporate bonds from dagofi radar are selling at 88.354, bonds from chambers translation are selling at 112.894, and bonds from essentia inc. are selling at 96.262. if roger wants to buy two bonds with a par value of $1,000 each from dagofi radar, five bonds with a par value of $500 each from chambers translation, and four bonds with a par value of $1,000 each from essentia inc., how much can he expect to spend?

Recall that for example when an investor buys a $1,000 par value bond quoted at 88.354, the investor pays 88.354% of the face value of the bond. Market value of $1,000 per value bonds from Dagofi Radar = 88.354% of $1,000 = 0.88354 x $1,000 = $883.54 Amount spent to buy two bonds with a par value of $1,000 each from Dagofi Radar = 2 x $883.54 = $1,767.08 Market value of $500 per value bonds from Chambers Translation = 112.894% of $500 = 1.12894 x $500 = $564.47 Amount spent to buy five bonds with a par value of $500 each from Chambers Translation = 5 x $564.47 = $2,822.35 Market value of $1,000 per value bonds from Essentia Inc = 96.262% of $1,000 = 0.96262 x $1,000 = $962.62 Amount spent to buy four bonds with a par value of $1,000 each from Essentia Inc. = 4 x $962.62 = $3,850.48 Total amount spent = $1,767.08 + $2,822.35 + $3,850.48 = $8,439.91