1. Jessica is selling her $4 million face value 7.5% US Treasury Note that matures 12/1/30. Assume the sale takes place today, 10/28/20.

What is the yield to maturity on the bond if the price she receives is 98? [a]

How much will Jessica receive for the sale of her bond? [b]

2. Jacob just bought a $10 million face value of a 4.5% US Treasury Note that matures on 11/15/28. Assume the purchase takes place today, 10/28/20. What is the (clean price) price of Jacobs bond if the bid 4.15% and the ask is 4.10%? Show your work.

[a] How much accrued interest did Jacob pay? [b]

What is the total amount Jacob paid (dirty price) to the dealer? [c]