Debbie purchased 15 bonds of ABC Company with a coupon rate of 8 1/8% bonds with a
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Question:
Debbie purchased 15 bonds of ABC Company with a coupon rate of 8 1/8% bonds with a maturity date of 2015. She paid a commission of $6 per bond. The bonds were priced at 105.25. What was her total purchase price? (Add $, cents and comma(s) if needed).
What was the yield of those bonds including commission? (Round to the Nearest Tenth) Add % sign
Expert Answer:
To calculate Debbies total purchase price for the bonds we need to consider the price of the bonds t... View the full answer
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