What investment will be required to purchase $ 90000 of 8% stock at 11

1.
What investment will be required to purchase $ 90000 of 8% stock at 110?

A. $ 88000

B. $ 99000

C. $ 88500

D. $ 9950

Answer» C. $ 88500

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What investment will be required to purchase $ 90000 of 8% stock at 110?

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1.	What investment will be required to purchase $ 90000 of 8% stock at 110?
A.	$ 88000
B.	$ 99000
C.	$ 88500
D.	$ 9950
Answer» C. $ 88500