It is now April 1. The quoted price of a bond with a 30/360 day count and 12% per annum coupon in New Zealand is 115. It has a face value of 100 and pays coupons on February 1 and July 1. What is the cash price?

Select one:

a.

103.00

b.

114.00

c.

105.00

d.

115.00

e.

117.00