You sell 30 bonds with a coupon rate of 8.125% and a current market price of $$108 \frac { 1 } { 2 }$$ . The commission charge is $10.00 per bond. The date of the transaction is 88 days since the last interest payment. What are your total proceeds?

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The correct answer is A. The total proceeds are $32,845.83. This is calculated as follows:Total proceeds = (Number of bonds x Current market price per bond) + (Number of bonds x Coupon rate x Days since last interest payment / 360) - (Number of bonds x Commission charge)= (30 x 108.5) + (30 x 0.08125 x 88 / 360) - (30 x 10)= $32,845.83

You Sell 30 Bonds with a Coupon Rate of 8 10812108 \frac { 1 } { 2 }10821​

You Sell 30 Bonds with a Coupon Rate of 8 $108 \frac { 1 } { 2 }$