You purchase five municipal bonds on the first of the year. the current market value price is 101 1/4 the commission charge is $8 per bond. what is the cost of the purchasing these bonds? a. $5546.25 b. $5102.50 c. $5062.50 d. $546.25

Option D. $546.25

Step-by-step explanation:

The current market value price of a municipal bond = = $101.25

the commission charge per bond = $8.00

So the value of each bond with commission is = 101.25 + 8 = $109.25

You purchase 5 bonds. so value of 5 bonds = 109.25 × 5

= $546.25

The cost of the purchasing these bonds is $546.25

Option D. $546.25