To find out how much more the six bonds cost today compared to yesterday, we need to follow these steps:
1. Step 1: Determine the cost of one bond for each day.
- The cost of one bond purchased yesterday was [tex]$98.43.
- The cost of one bond purchased today is $[/tex]99.50.
2. Step 2: Calculate the total cost for purchasing six bonds on each day.
- Total cost for purchasing six bonds yesterday:
[tex]\[
\text{Total cost yesterday} = 6 \times 98.43 = 590.58
\][/tex]
- Total cost for purchasing six bonds today:
[tex]\[
\text{Total cost today} = 6 \times 99.50 = 597.00
\][/tex]
3. Step 3: Calculate the increased cost by finding the difference between the total costs.
- Difference between today’s cost and yesterday’s cost:
[tex]\[
\text{Increased cost} = 597.00 - 590.58 = 6.42
\][/tex]
So, the increased cost of purchasing six bonds today compared to yesterday is $6.42.
