You Are Buying a Bond at a Quoted Price of $1,012

You are buying a bond at a quoted price of $1,012. The bond has a 7.5 coupon rate and pays interest semiannually on April 1 and October 1. What is the invoice price of this bond if today is August1? Use a 360-day year. The bond has a $1,000 face value.

A) $1,070.25
B) $1,037.00
C) $1,012.00
D) $1,025.00
E) $1,049.75