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Posted on Jul 17, 2024

You sell 30 bonds with a coupon rate of 8.125% in a current market price of 108 1/2. The commission charge is $10 per bond.

You sell 30 bonds with a coupon rate of 8.125% in a current market price of 108 1/2. The commission charge is $10 per bond. The date of the transaction is 88 days since the last interest payment. What are your total proceeds?

a. $32,887.50 b. $32,837.70 c. $32,845.80 d. $32,896.50

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