You invest $3,600 today at a nominal annual rate of 5.5 percent. This investment will pay one payment five years from now. What will be the amount of that payment?

$2,754.48 $2,906.16 $4,705.06 $4,818.09 $5,018.62

You want to buy a bond that has a quoted price of $923. The bond pays interest semiannually on April 1 and October 1. The coupon rate is 6 percent. What is the clean price of this bond if today's date is June 1? Assume a 360-day year.

$927.62 $923.00 $923.23 $936.85 $1,076.83