8. Suppose a certain bond sold a volume of 2, 375, 000. If the bonds sold for $824.99, calculate the last price and the estimated volume for the bond table shown. LAST LAST EST VOL COMPANY (TICKER) COUPON MATURITY PRICE YIELD (000s) BOND 3.961 July 31, 2004 ? 3.027 ?? The last price was $82.499. The estimated volume was 2, 375. The last price was $2.375. The estimated volume was 82.499. The last price was $82.499. The estimated volume was 3, 961. O The last price was $396.10. The estimated volume was 2, 375.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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8. Suppose a certain bond sold a volume of 2, 375, 000. If the bonds sold for $824.99, calculate the last price and the estimated volume for the bond table shown.
LAST
LAST
EST VOL
COMPANY (TICKER)
COUPON
MATURITY
PRICE
YIELD
(000s)
BOND
3.961
July 31, 2004
3.027
??
The last price was $82.499. The estimated volume was 2, 375.
O The last price was $2.375. The estimated volume was 82.499.
The last price was $82.499. The estimated volume was 3, 961.
O The last price was $396.10. The estimated volume was 2, 375.
Transcribed Image Text:All Chanyes saveL 8. Suppose a certain bond sold a volume of 2, 375, 000. If the bonds sold for $824.99, calculate the last price and the estimated volume for the bond table shown. LAST LAST EST VOL COMPANY (TICKER) COUPON MATURITY PRICE YIELD (000s) BOND 3.961 July 31, 2004 3.027 ?? The last price was $82.499. The estimated volume was 2, 375. O The last price was $2.375. The estimated volume was 82.499. The last price was $82.499. The estimated volume was 3, 961. O The last price was $396.10. The estimated volume was 2, 375.
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