Suppose Dan bought a bond with a 12 percent annual coupon, payable semiannually. You actually pay $ 1,080 for this bond. On the day Dan bought it, the next coupon is due in 3 months. What would be the bond's clean price?

Please help verify answer.

Months before next coupon 3 or quarter. 12% / 4 = 3%

1000 x 3% = 30 1080 - 30 = 1050