Juanita Is Considering the Purchase of 7 Bonds

Multiple Choice

Juanita is considering the purchase of 7 bonds. What is the annual interest for the bonds when the settlement date is on the interest date?
Face value of each bond: $525
Price per bond: 78.75%
Interest rate: 8.35%
Commission per $1,800 bond: $18

A) $10.52
B) $99.23
C) $306.86
D) $2,894.06