11 15 You purchase a bond with an invoice price of $986.32. The bond has a...

Transcribed Image Text:

11 15 You purchase a bond with an invoice price of $986.32. The bond has a coupon rate of 7.00%, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? a) $978.14 b) $981.83 c) $980.55 d) $976.82 e) $974.65 11 15 You purchase a bond with an invoice price of $986.32. The bond has a coupon rate of 7.00%, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? a) $978.14 b) $981.83 c) $980.55 d) $976.82 e) $974.65