Business, 26.11.2021 03:30 Thefiles

Drew has invested in Iwad Records. He owns three par value $1,000 bonds from them, which are currently selling for 99. 773. He also owns 600 shares of Iwad Records stock, the current value of which is $5. 28 per share. If, when Drew made his investment, Iwad Records bonds had a market price of 94. 561 and stock in the same company sold for $5. 00 per share, which investment has increased in value more, and by how much? a. The value of Drewâ€™s bonds has increased by $4. 83 more than the value of his stocks. B. The value of Drewâ€™s bonds has increased by $9. 87 more than the value of his stocks. C. The value of Drewâ€™s stocks has increased by $11. 64 more than the value of his bonds. D. The value of Drewâ€™s stocks has increased by $34. 92 more than the value of his bonds.

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Drew has invested in Iwad Records. He owns three par value $1,000 bonds from them, which are current...

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