Joaquim alvez purchases 32 bonds that mature in 2024 at 96.7.
they have a coupon rate of 8.625%.

find the total cost if commissions are $10 per bond.

Total par value = 32 bonds x $96.7
                         =$3094.4
total bond value= par vaue + total interest
total bond value = par value(1+ni)
                        n = 2024-2017
                           = 7
                        i  = 8.625%
total bond value =  $4692.64
total cost = total bond value - commissions
total cost = $4692.64-(32 x $10)
                = $4642.64
Joaquim Alvez will have a total cost of $4642.64.

Its d so thats how it would would back from 1.0 form three four two