P$7-23$ Accrued Interest $[$LO$2]$

You purchase a bond with an invoice price of $$1,340.$ The bond has a coupon rate of $6\mathrm{.}4$ percent, and there are $3$ months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $$1,000.$

Multiple Choice

$$1,308\mathrm{.}10$

$$1,288\mathrm{.}00$

$$1,304\mathrm{.}00$price of the bond? Assume a par value of $$1,000.$

Multiple Choice

$$1,308\mathrm{.}10$

$$1,288\mathrm{.}00$

$$1,304\mathrm{.}00$

$$1,335\mathrm{.}00$

$$1,324\mathrm{.}00$