2. The following information, provided by the Debt Management Office, shows the details of a UK Gilt as at the close of trading on Thursday 2nd December, 2021. Name Yield to maturity Coupon Interest Due Maturity Date UKT 2.25 '23 0.438278% p.a. 7 Mar / 7 Sep 7 Sep 2023 REQUIRED: (a) Calculate the dirty price, accrued interest and clean price of the bond. (13 marks) (b) Explain the differences between the dirty and clean price of a bond. (4 marks) (c) Discuss how price risk may be illustrated by movements in the yield curve. With reference to the recent debate in the bond market, critically evaluate how you might trade bonds based on your expectations of future yield curve movements. (16 1/3 marks) (TOTAL: 33 1/3 MARKS)