You purchase a bond with an invoice price of $1,460. The bond has a coupon rate of 9.4 percent, and there are 3 months to the next semiannual coupon date. What is the clean price of this bond?
A) $1,436.50
B) $1,452.17
C) $1,460.00
D) $1,467.83
E) $1,483.50
Correct Answer:
Verified
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