One of your clients purchases a callable corporate bond. The bond is callable at 106.55. What will the customer receive if the corporation calls the bonds and the customer tenders them back to the corporation?
(A) The customer will receive $1,065.50 for the bond and accrued interest up to the call date will be subtracted from that figure.
(B) The customer will receive $1,065.50 for the bond and accrued interest up to the call date will be added to that figure.
(C) The customer will receive par value for the bond of $1,000 and will receive $65.50 in accrued interest.
(D) The customer will receive par value for the bond of $1,000 and will receive $106.55 in accrued interest