Abby Sane decided to buy corporate bonds instead of stock. She desired to have the fixed-interest payments. She purchased 5 bonds of Meg Corporation 11.75% at 88.25%. As the stockbroker for Abby (assume a $5 commission per bond), calculate the following. a. Total cost of the purchase. (Round your answer to the nearest cent.) Total cost b. Total annual interest to be received. (Round your answer to the nearest cent.) Total annual interest c. Current yield.(Round your answer to the nearest tenth percent.) Current yield %

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