Question: On March 1 , Wayne Michaels bought 1 0 bonds from a particular company with a coupon rate of 9 . 7 2 5 %
On March Wayne Michaels bought bonds from a particular company with a coupon rate of The purchase price
was and the commission was $ per bond. Bonds from this particular company pay interest on February and
August
a What is the current yield as a of the bond as of the purchase date? Round your answer to one decimal place.
b What is the total purchase price in $ of the bonds? Round your answer to the nearest cent.
$
c If Wayne sold the bonds on November for what are the proceeds in $ from the sale? Round your answer
to the nearest cent.
$
Please assist with C
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