Based on the brokerage fees and the market value, the amount needed to retire the bond early is $5,499,668
The details are incomplete but in order to find the amount needed to retire the bond, the formula is:
= Brokerage fees + (Face value x Closing price/ 100)
Assuming a Face value of $5,675,277 and a closing price of $96.80, the amount needed would be:
= 6,000 + (5,675,277 x 96.80 / 100)
= $5,499,668.136
= $5,499,668
In conclusion, it would cost $5,499,668.
Find out more at https://brainly.com/question/22281113.
