Abby Sane decided to buy corporate bonds instead of stock. She desired to have the fixed-interest payments. She purchased 5 bonds of Meg Corporation 12.50 at 87.50.

As the stockbroker for Abby (assume a $5 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

%