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You become the owner of a bond with ten years to maturity and has a $1,000.00 par value. The bond has a yield-to-maturity of 9.00%

You become the owner of a bond with ten years to maturity and has a $1,000.00 par value. The bond has a yield-to-maturity of 9.00% and a coupon rate of 9.50%. It has been 107 days since the last coupon payment. There are 75 days remaining until the next coupon payment. The bonds clean ask price is $103.2520 and its clean bid price is $102.9422. Approximately how much did you have to pay for the bond?

  • $1,004.59

  • $1,058.98

  • $1,057.35

  • $1,052.09

  • $1,060.45

  • $1,088.37

  • $1,085.27

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