You purchase 30 bonds with a coupon rate of 8.875% and a current market price of 100. The commission charge is $5.00 per bond. The date of the transaction is April 1, and the bond pays interest on January 1 and July 1. What is your total purchase price?

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The Answer of You purchase 30 bonds with a coupon rate of 8.875% and a current market price of 100. The commission charge is $5.00 per bond. The date of the transaction is April 1, and the bond pays interest on January 1 and July 1. What is your total purchase price?

You Purchase 30 Bonds with a Coupon Rate of 8