You purchase a bond with an invoice price of $1,120. The bond has a coupon rate of 8.5 percent, semiannual coupons, and there are three months to the next coupon date. What is the clean price of the bond?

A.

$1,086.35

B.

$1,098.75

C.

$1,105.20

D.

$1,132.50

E.

$1,157.50