Gerald Kiraly sold 8 Romond Corporation bonds with a coupon rate of 8.375% and a current market price of 95.25. The commission charge is $10 per bond. The date of the transaction is 72 days since the last interest payment. What were the proceeds of the sale?

Question

Quizplus · Accepted Answer

The Answer of Gerald Kiraly sold 8 Romond Corporation bonds with a coupon rate of 8.375% and a current market price of 95.25. The commission charge is $10 per bond. The date of the transaction is 72 days since the last interest payment. What were the proceeds of the sale?

Gerald Kiraly Sold 8 Romond Corporation Bonds with a Coupon