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A $1000 bond with 7% semiannual coupons matures at par on July 17, 2025. Coupon dates are January 17 and July 17. Hannah purchased this

A $1000 bond with 7% semiannual coupons matures at par on July 17, 2025. Coupon dates are January 17 and July 17. Hannah purchased this bond on October 21, 2012 to yield a nominal rate of 6% compounded semiannually. Find k, the fraction of a coupon period, if the purchase price will be calculated using the 30/360 method to compute the accrued interest. Possible Answers A 92/181 B 93/180 C 94/180 D 94/183 E 84/184 A $1000 bond with 7% semiannual coupons matures at par on July 17, 2025. Coupon dates are January 17 and July 17. Hannah purchased this bond on October 21, 2012 to yield a nominal rate of 6% compounded semiannually. Find k, the fraction of a coupon period, if the purchase price will be calculated using the 30/360 method to compute the accrued interest. Possible Answers A 92/181 B 93/180 C 94/180 D 94/183 E 84/184

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