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Today is May 1, 2015. A bond matures on September 15, 2020, has a coupon rate of 5%, YTM is 6%, and a quoted price
Today is May 1, 2015. A bond matures on September 15, 2020, has a coupon rate of 5%, YTM is 6%, and a quoted price of 95.458. What is the invoice price of this bond? (Hint: 184 days between payments, 47 days since last payments)
A. 95.514
B. 96.097
C. 94.612
D. 96.677
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