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Math Help - bonds

  1. #1
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    Dec 2008
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    bonds

    1. In the old days, bond prices were expressed in terms of 1/32ís and multiples thereof. An old letter in your files references a bond price that goes from 82 1/3 to 80 7/8. How much did it change?
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  2. #2
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    Dec 2008
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    Talking

    Hello my name is Carrie I go to the same school as u do. the answer to this question is......

    82 * 3 = 246 + 1 = 247
    247/3 * 8/8 = 1976/24

    80 * 8 = 640 + 7 = 647
    647/8 * 3/3 = 1941/24

    1976/24 - 1941/24 = 35/24
    35 - 24 = 11

    and the answer is:
    1unit 11/24
    remember we have to show all of are work to get credit.
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