Ask Question
27 February, 08:27

Drew has invested in Iwad Records. He owns three par value $1,000 bonds from them, which are currently selling for 99.773. He also owns 600 shares of Iwad Records stock, the current value of which is $5.28 per share. If, when Drew made his investment, Iwad Records bonds had a market price of 94.561 and stock in the same company sold for $5.00 per share, which investment has increased in value more, and by how much?

+5
Answers (1)
  1. 27 February, 10:27
    0
    First, find the number of investment, then use that # to find how much. If 5.28 is for per share, the current value would be about 11.50 of an increase.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Drew has invested in Iwad Records. He owns three par value $1,000 bonds from them, which are currently selling for 99.773. He also owns 600 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers