What is the clean price of the bond

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Reference no: EM13826287

You purchase a bond with an invoice price of $1,120. The bond has a coupon rate of 8.5 percent, semi annual coupons, and there are three months to the next coupon date. What is the clean price of the bond?

A. $1,086.35

B. $1,098.75

C. $1,105.20

D. $1,132.50

E. $1,157.50

Reference no: EM13826287

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