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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Abby Sane decided to buy corporate bonds instead of stock. She desired to have the fixed-interest payments. She purchased 5 bonds of Meg Corporation 09 at 88.25. As the stockbroker for Abby (assume you charge her a $5 commission per bond), please provide her with the following: (a) the total cost of the purchase, (b) total annual interest to be received, and (c) current yield (to nearest tenth percent).
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