You Purchase a Bond with an Invoice Price of $1,460

question 119

Multiple Choice

You purchase a bond with an invoice price of $1,460.The bond has a coupon rate of 7.5 percent,and there are 3 months to the next semiannual coupon date.What is the clean price of this bond?

• A)$1,441.25
• B)$1,452.17
• C)$1,460.00
• D)$1,467.83
• E)$1,483.50