Respuesta :
The correct option is $54,88,654.0612. $54,88,654.0612 is the amount of cash needed to retire Baldwin's 12.4S2029 bond early.
To find the amount needed to retire the bond, the formula is:
= Brokerage fees + (Face value x Closing price/ 100)
= 0 + (5827834 x 94.18/100)
=$54,88,654.0612
Why are brokerage fees so high?
Typically, the trading platform assesses the brokerage on each transaction made possible. The brokerage charged by an intraday trader with a high volume of trades ends up being a significant sum. Because there are more transactions, the brokerage is greater in intraday trading.
Is brokerage fees tax deductible?
You can no longer deduct as a miscellaneous itemized deduction the fees you pay to a broker, bank, trustee, or other similar agency to collect your taxable bond interest or dividends on stock shares.
Learn more about brokerage fees: https://brainly.com/question/27942174
#SPJ4
The correct question is
1. Assuming no brokerage fees, calculate the amount of cash needed to retire Baldwin's 12.4S2024 bond early.
Select: 1
$6,211,323
$5,827,834
$5,488,654
Info is below Face Yield close$ S&P
12.4S2024 $5,827,834 13.2% 94.18 CC
