Abby Sane decided to buy corporate bonds instead of stocks. She wanted to have fixed interest payments. She bought 4 Meg Corporation bonds at 10.50% to 89.50%. As Abby's stockbroker (assume $3 commission per bond), calculate the following.

a. Total purchase cost.

Total cost $

b. Total annual interest to be received.

Total annual interest $

C. Current performance. (Round your answer to the nearest tenth of a percent.)

Current performance %