What is the clean price of the bond

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Question 1: You purchase a bond with an invoice price of $1,057. The bond has a coupon rate of 5.75 percent, it makes semiannual payments, and there are 5 months to the next coupon payment. The par value is $1,000. What is the clean price of the bond?

Option 1: $1,028.25

Option 2: $1,033.04

Option 3: $1,052.21

Option 4: $1,061.79

Option 5: $1,085.75

Reference no: EM132469099

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