Drew has invested in iwad records. he owns three par value $1,000 bonds from them, which are currently selling for 99.773. he also owns 600 shares of iwad records stock, the current value of which is $5.28 per share. if, when drew made his investment, iwad records bonds had a market price of 94.561 and stock in the same company sold for $5.00 per share, which investment has increased in value more, and by how much?
a. the value of drew’s bonds has increased by $4.83 more than the value of his stocks.
b. the value of drew’s bonds has increased by $9.87 more than the value of his stocks.
c. the value of drew’s stocks has increased by $11.64 more than the value of his bonds.
d. the value of drew’s stocks has increased by $34.92 more than the value of his bonds.