Stanley bought ten new 10 yr $1000 bonds at face
value. Use the table for brokerage fees for bond
purchases and sales.
Years until maturity
Transaction fee
At least
But less than
% of purchase price
0
3
3
7
0.5%
0.75%
7
12
1%
12
18
1.25%
18
25
1.5%
25
2%