You purchase a bond with an invoice price of $1,360. The bond has a coupon rate of 9.6 percent, and there are 5 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000.

Multiple Choice

• $1,300.00

• $1,344.10

• $1,352.00

• $1,363.00

• $1,260.00