You purchase a bond with a coupon rate of 7.5 percent, semiannual coupons, and a clean price

Question:

You purchase a bond with a coupon rate of 7.5 percent, semiannual coupons, and a clean price of $915. If the next coupon payment is due in two months, what is the invoice price?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...