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
Correct Answer:
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