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2. Collectors.can buy debt for as little as 25 cents for each 100 in face value, making a huge profit. square square

Pergunta

2. Collectors.can buy debt for as little as 25 cents
for each 100 in face value, making a huge profit.
square  square

2. Collectors.can buy debt for as little as 25 cents for each 100 in face value, making a huge profit. square square

Solução

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BiankaEspecialista · Tutor por 3 anos

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To profit made by collectors when they buy debt for as little as 25 cents for each 100 in face value, we need to calculate the difference between the face value and the amount paid for the debt. Given: - Face value of the debt:
100
- Amount paid for the debt: 25 cents (which is 0.25) Profit = Face value - Amount paid Profit =
100 - 0.25 Profit =
99.75

Therefore, the profit made by collectors when they buy debt for as little as 25 cents for each 100 in face value is
99.75.
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