You purchase a bond with a coupon rate of 6.7 percent and a clean price of $1,190. If the next semiannual coupon payment is due in three months, what is the invoice price? Assume a par value of $1,000.

Multiple Choice

(a)$1,206.75

(b)$1,264.41

(c)$1,170.75

(d)$1,187.50