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.

Total cost of the purchase.

Total annual interest to be received.

Current yield.

Note: Round your answer to the nearest tenth percent.