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You purchase a bond with an invoice price of $ 1 , 3 4 0 . The bond has a coupon rate of 9 .

You purchase a bond with an invoice price of $1,340. The bond has a coupon rate of 9.6 percent, and there are 3 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000.
Multiple Choice
$1,327.00
$1,272.00
$1,292.10
$1,296.00
$1,316.00

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