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Calculate the Accrued Interest Per Bond and the Total Purchase \quad

Question 97

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Calculate the accrued interest per bond and the total purchase price of the following bond purchase, rounding each number to the nearest cent. \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad  Time since \text { Time since }
 Coupon  Market  Last  Accrued  Commission PerBonds  Total  Company  Rate  Price  Interest  Interest  Bond  Purchased  Price  Global Inc. 6.2588.254 months $7.5010\begin{array}{l}\begin{array} { l l l l l l l l } & \text { Coupon } & \text { Market } & \text { Last } & \text { Accrued } & \text { Commission Per} & \text {Bonds } & \text { Total } \\\text { Company } & \text { Rate } & \text { Price } & \text { Interest } & \text { Interest } & \text { Bond } & \text { Purchased } & \text { Price } \\\text { Global Inc. }& 6.25 & 88.25 & 4 \text { months } & & \$ 7.50 & 10 &\end{array}\end{array}

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