Solve the Problem. -The Manager of a Retirement Account Purchased 128 Solar Energy

Solve the problem.
-The manager of a retirement account purchased 128 Solar Energy (SNG) bonds that mature in 2020 for the retirement account. According to a bond table, the last price is 96.375 and the coupon rate is 7.750. Assuming a sales commission of $1 per bond, find the total purchase price of the bonds, and the annual interest payment.

A) $127,036.25, $6,646.40
B) $123,360.00, $7750.00
C) $123,488.00, $9,920.00
D) $123,232.00, $9,820.80