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


Answer: D

Mathematics

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