Business, 02.12.2019 21:31 sierrawalk3896

Abby sane decided to buy corporate bonds instead of stock. she desired to have the fixed-interest payments. she purchased 9 bonds of meg corporation 11 3/4% at 90.00. as the stockbroker for abby (assume you charge her a $9 commission per bond).

(a) calculate the total cost of the purchase. (round your answer to 2 decimal places. omit the "$" sign in your response.)

total cost $

(b) calculate the total annual interest to be received. (round your answer to 2 decimal places. omit the "$" sign in your response.)

total annual interest $

(c) calculate the current yield. (round your answer to the nearest tenth percent. omit the "%" sign in your response.)

current yield %

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