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You purchase a bond with an invoice price of $ 1 , 1 7 0 . The bond has a coupon rate of 8 .

You purchase a bond with an invoice price of $1,170. The bond has a coupon rate of 8.2 percent, and there are 2 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000.
Multiple Choice
$1,115.43
$1,153.67
$1,136.33
$1,122.67
$1,142.67

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