Grace wishes to buy a corporate bond with a par value of $1,000 from sft legal. if grace’s broker charges her a commission of 4% of the market value of each bond, and sft legal has a market rate of 103.563, how much commission does grace owe her broker? a. $107.56 b. $41.43 c. $40.00 d. $44.14

The par value or the face value of the share is the price that one gets while issuing.              

So, par value is $1000              

A commission of 4 % is charged by the broker. The market rate is $103.563,  so commission becomes as per par value =  

Hence, option B $41.43 is the correct answer.              

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