Calculate the Accrued Interest Per Bond and the Total Purchase $\quad$

question 131

Short Answer

Calculate the accrued interest per bond and the total purchase price of the following bond purchase, rounding each number to the nearest cent. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Time since }$
$$\begin{array}{l}\begin{array} { l l l l l l l l } & \text { Coupon } & \text { Market } & \text { Last } & \text { Accrued } & \text { Commission Per } & \text { Bonds } & \text { Total } \\\text { Company } & \text { Rate } & \text { Price } & \text { Interest } & \text { Interest } & \text { Bond } & \text { Purchased } & \text { Price } \\\text { FreightRUs } & 7.75 & 92.75 & 5 \text { months } & & \$ 8.00 & 20 &\end{array}\end{array}$$

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Definitions:

Instinctive Drift

The inclination of an animal to return to natural instinctual actions that disrupt a learned behavior.

Operant Behavior

A type of behavior that is controlled by the consequences that follow it, such as rewards or punishments.

Reinforcement

In behaviorism, any event that strengthens or increases the likelihood of a behavior by providing a consequence an individual finds rewarding.

Flavor Aversion

The learned avoidance of a particular taste or food after it has been associated with illness or discomfort.