Assume the bonds quoted (clean) price is $1,156.72, the bond has the coupon rate of 8.4% and that the coupons are paid semiannually. Further assume that the bond has the face value of $1,000. What is the bonds invoice (dirty) price if the last coupon payment took place five months ago?

$1,191.72

$1,105.56

$1,165.56

$1,121.72

ABCD Company plans to raise $110,000,000 by issuing 15-year semiannual coupon bonds with coupon rate of 6.40%, yield to maturity of 7.20%, and face value of $1,000. How many bonds should ABCD sell in order to raise the $110,000,000 it needs?

106,944 bonds

109,124 bonds

115,962 bonds

118,618 bonds