Two $1,000 bonds, with interest at 8% on March 1 and September 1, were purchased...
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Accounting
Two $1,000 bonds, with interest at 8% on March 1 and September 1, were purchased on October 8 at 104 plus accrued interest. Compute the entire purchase cost of the bonds. (Assume a 360-day year and a commission of $5 per bond.)
Group of answer choices
$2,096.88
$2,106.44
$2,050.00
$2,106.88
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