Q11:It is September 11. Jennifer has just purchased a 15 year 5% Canadian corporated bond quoted at 103.524. the last semi-annual coupon payment was made on May 31 in the same year. How much will Jennifer pay for this bond? The face value is 1000$.

Choose the closest option:

A) 1,049.21$

B) 1,049.49$

C) 1,049.62$

D) 1,014.38$

E) 1,035.24$