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Mathematics, 31.07.2019 00:30 annabelle2516

Pierce wishes to purchase a municipal bond with a par value of $500 from arapahoe 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?

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