Page 194: Magical Attacks and Strike Ranks
"[T]he first magic point used in the spell has no strike rank modifier. Any subsequent spells require 5 strike ranks to prepare, even if the same spell is being used."
"[C]asting a spell such as Bladesharp or Fireblade on a weapon held in the hand and striking with it in the same round only involves adding the normal strike rank to cast the spell to the normal strike rank for that weapon for that melee round."
Let's say I'm wielding a Dagger (SR 3), and in the same round, I cast Bladesharp on the dagger. Do I go on...
SR 8: Prepare Bladesharp (5) + Dagger (3)?
Next round I do the same so again I go on...
SR 8: Bladesharp (5) + Dagger (3)?
I'm just not sure about the magic point cost and the first magic point being free. Does this remain true for the second casting of a spell, the third, fourth?
Also, can you walk around with a spell already stored and prepared and ready to cast, effectively giving you SR 0 (because the first magic point has no SR cost)?
Sorry, probably over thinking this.