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A $1,000 bond, with interest at 8 % on January 1 and July 1, was purchased on September 30 at 97 plus accrued interest. Compute

A $1,000 bond, with interest at 8 % on January 1 and July 1, was purchased on September 30 at 97 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year, a commission of $5 per bond, and not a leap year.)

$978.51

$996.72

$996.49

$948.51

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