You purchase a bond with an invoice price of $905. The bond has a coupon rate of 7.2 percent, and there are three months to the net semiannual coupon date. What is the accrued interest paid to the seller for this bond?

Select one:

A.

$36.00

B.

$18.00

C.

$9.00

D.

$7.20

E.

$17.20