It is May 1. The quoted price of a bond with a 30/360 day count and 12% per annum coupon in the United States is 105. It has a face value of 100 and pays coupons on April 1 and October 1. What is the cash price?

Select one:

a.

106.00

b.

106.02

c.

105.98

d.

106.04