BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maya Franklin purchased a $3, 500 bond at the quoted price of 80 1/2. The bond paid interest at a rate of 5 percent. What is the cost of the bond?
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$8, 251.30
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$5, 656.11
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$2, 817.50
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$4, 589.14
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Explanation:
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