Your current CD matures in a few days. You would like to find an investment with a higher rate of return than the CD. Stocks historically have a rate of return between 10% and 12%, but you do not like the risk involved. You have been looking at bond listings in the newspaper. A friend wants you to look at the following corporate bonds as a possible investment.
If you buy three of the ABC bonds with $10 commission for each, how much will it cost?
a.
$3142. 50
b.
$1047. 50
c.
$3172. 50
d.
$1077. 50
