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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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