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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 12.10%
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 12.10% at 87.90%. As the stockbroker for Abby (assume a $4 commission per bond), calculate the following a. Total cost of the purchase. Total cost 1 b. Total annual interest to be received! Total annual interest c. Current yield. (Round your answer to the nearest tenth percent.)
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