daniel buys one bond each with a par value of $1,000 from grath oil, ombor medical supplies, and dwyn…

daniel buys one bond each with a par value of $1,000 from grath oil, ombor medical supplies, and dwyn horticulture. grath oil bonds are selling at 120.514, ombor medical supplies bonds are selling at 90.773, and dwyn horticulture bonds are selling at 101.180. what is the total face value of daniels bonds? a. $3,124.67 b. $3,000.00 c. $3,312.46 d. $312.47

daniel buys one bond each with a par value of $1,000 from grath oil, ombor medical supplies, and dwyn horticulture. grath oil bonds are selling at 120.514, ombor medical supplies bonds are selling at 90.773, and dwyn horticulture bonds are selling at 101.180. what is the total face value of daniels bonds? a. $3,124.67 b. $3,000.00 c. $3,312.46 d. $312.47

Answer

Explanation:

Step1: Identify face - value of each bond

Each bond has a par (face) value of $1000.

Step2: Calculate total face - value

Since Daniel buys 3 bonds each with a face - value of $1000, the total face - value is $1000\times3$. $1000\times3 = 3000$

Answer:

B. $3,000.00