Question

A 7.5% coupon bond with an ask price of $100.00 pays interest every 182 days. If the bond paid interest 62 days ago, the invoice price of the bond would be

A. $1,011.67.

B. $1,012.35.

C. $1,012.77.

D. $1,011.98.

E. $1,012.15.

Answer

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