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An investor bought 50 of the bonds shown in the table below. Find the total cost of the purchase including commissions of $10 per bond,
An investor bought 50 of the bonds shown in the table below. Find the total cost of the purchase including commissions of $10 per bond, the annual interest payment, and the effective interest rate based on total cost including commissions. LAST LAST EST $ VOL COMPANY(TICKER) COUPON MATURITY PRICE YIELD (000's) Iteck(ITCK) 9.375 May 15, 2028 95.250 4.024 45,000 The total cost of the purchase is $ The annual interest payment is $ The effective interest rate is %. (Round to the nearest tenth of a percent.)
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