An 8% coupon bond quoted price is $100.356. Its par value is $100. This bond pays semi-annual coupon payment.

Suppose coupon payments are at the end-June and end-December, and you are buying the bond at the end-May 2016.

Hence, the seller has "accrued" 5 out of the 6 months of the end-June coupon payment, and therefore is entitled to receive approximately 5/6 of the coupon.

Your invoice price (dirty price) is _______ ?

A)

$100.356

B)

$103.689

C)

$106. 956

D)

$133.686

E)

$167.022