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Peter Stone is considering buying a $100 face value, semi-annual coupon bond with a quoted price of 105.19. His colleague points out that the bond is trading ex-coupon. Which of the following choices best represents what Stone will pay for the bond? A. $105.19 plus accrued interest. B. $105.19. C. $105.19 minus accrued interest. D. $105.19 minus the coupon payment. |