Find the total purchase price of 35 bonds that have a coupon rate of 4.50% and a current market price of 102.375. The commission charge is $5.00 per bond. The date of the transaction is April 1, and the bond pays interest on January 1 and July 1.
A. $30,225
B. $36,400
C. $30,226
D. $30,426
Answer: B
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