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6. A bond has a quoted price of $1,025 and it pays a semi-annual coupon. The last coupon payment was made 40 days ago, and
6. A bond has a quoted price of $1,025 and it pays a semi-annual coupon. The last coupon payment was made 40 days ago, and there are 142 days until next coupon payment (182 days between coupon payments). What is the invoice price if the annual Coupon Rate is 5%?
A. $999.55 B. $1,002.06 C. $1,025.45 D. $1,030.49 E. $1,050.25
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