Tabitha is considering the purchase of 25 bonds. What is the annual interest for the bonds when the settlement date is on the interest date? Face value of each bond: $900 Price per bond: 68.15% Interest rate: 10.65% Commission per $1,000 bond: $10
$2,396.25;
25 × $900 × 0.1065 = $2,396.25
Business
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