Abby Sane decided to buy corporate bonds instead of stock. She

desired to have the fixed$-$interest payments. She purchased $4$ bonds

of Meg Corporation $10\mathrm{.}50\%$ at $89\mathrm{.}50\%.$

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

$$$$$

c$.$Current yield.$($Round your

answer to the nearest tenth percent.$)$

Current yield

$\%$