Assume you purchase a bond with a quoted price of 98.6208 on June 30.The bond pays interest on February 1 and August 1.The invoice price you pay for this purchase will equal the

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The quoted price of 98.6208 is likely the clean price, which does not include accrued interest. Since the bond pays interest on February 1 and August 1, and June 30 is between those payment dates, there is likely accrued interest that needs to be added to the clean price to determine the invoice price (the price the buyer actually pays). This invoice price is known as the dirty price. Therefore, the answer is C, dirty price.

Assume You Purchase a Bond with a Quoted Price of 98.6208