14

4 of 30 It is now September 13. Jane has just purchased a 15-year 6% Canadian corporate bond quoted at 93.65. The last semi-annual coupon payment was made on May 31 in the same year. How much will Jane actually pay for this bond? Assume accrued interest is based on ACT/365 Day-Count Convention, i.e. the fraction of a year represented by any given time period is represented as the actual number of days in the period divided by 365. (Note: Please retain at least 4 decimal places in your calculations.) O a $1,020.86 Ob $919.24 Oc$953.76 Od $1,024.76 O $936 50