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Assume today is June 23, 2023 and you have purchased a corporate bond issued by the Tangier Company. The bond matures on December 31 2042,

Assume today is June 23, 2023 and you have purchased a corporate bond issued by the Tangier Company. The bond matures on December 31 2042, bears a coupon rate of 5.6 percent, is redeemable at 100% of par value and has a current YTM of 5.1 percent.

Based on a 30/360 day-count method, the clean price of the bond (rounded to the nearest whole dollar) is

a. $1,058
b. $1,059
c. $1,060
d.

$1,072

e. $1,088

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