You purchase a bond with a coupon rate of 6.15 percent, semiannual coupons, and a clean price of $998.40.If the next coupon payment is due in two months, what is the invoice price?
A) $1,018.90
B) $1,019.36
C) $1,001.60
D) $1,027.67
E) $1,004.33
Correct Answer:
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