Answer:
Broker U bond package will cost Silvia less and by $156.02
Explanation:
Answer:
broker U's package costs $156.02 less money than broker V's package
Explanation:
Broker U: 2.8% commission
Silvia's total investment = ($1,933.48 + $1,639.95 + $2,077.02) x 1.028 = $5,808.66
Broker V: $65 per bond plus
Silvia's total investment = $2,102.84 + $429.95 + $2,911.89 + (8 x $65) = $5,964.68
Broker V's offer - broker U's offer = $5,964.68 - $5,808.66 = $156.02