Your current CD matures in a few days. You would like to find an investment with a higher rate of return than the CD. Stocks historically have a rate of return between 10% and 12%, but you do not like the risk involved. You have been looking at bond listings in the newspaper. A friend wants you to look at the following corporate bonds as a possible investment. If you buy three of the ABC bonds with a $10 commission for each, how much will it cost?

a. $3142.50

b. $1047.50

c. $3172.50

d. $1077.50