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Abby Sane decided to buy corporate bonds instead of stock. She desired to have the fixed-interest payments, She purchased 6 bonds of Meg Corporation

Abby Sane decided to buy corporate bonds instead of stock. She desired to have the fixed-interest payments, She purchased 6 bonds of Meg Corporation 11.30% at 88.70%. As the stockbroker for Abby (assume a $3 commission per bond), calculate the following a. Total cost of the purchase. Total cost b. Total annual interest to be received. Total annual interest

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