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An investor purchased a $100,000 bond as a long-term investment on January 1 at 95 . The bond pays semi-annual interest on June 1 and

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An investor purchased a $100,000 bond as a long-term investment on January 1 at 95 . The bond pays semi-annual interest on June 1 and December 1 each year at a yearly rate of 9%. Brokerage fees were $2,000. How much cash was used to complete this transaction? Select one: a. 5100.000 b. $97,000 c. $97,750 d. $100,750 e. $98,750

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