You purchase a bond with an invoice price of $1,380. The bond has a coupon rate of 7.8 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 $1,327.50 $1,373.50 $1,295.00 $1,384.50 $1,367.10