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Question 12 Today, you are purchasing a bond with a stated annual coupon rate of 6.15% and semi-annual coupon payments. It has a clean price

Question 12

Today, you are purchasing a bond with a stated annual coupon rate of 6.15% and semi-annual coupon payments. It has a clean price of $998.40. If the next coupon payment is due in two months from now, what is the invoice price today?

A. $1,004.33

B. $1,001.60

C. $1,019.36

D. $1,018.90

E. $1,027.67

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