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3. Compute invoice price of the following positions for settlement date Sept 10, 2016: (Do not use the excel formula ACCRINT for accrued interest). Position

3. Compute invoice price of the following positions for settlement date Sept 10, 2016: (Do not use the excel formula ACCRINT for accrued interest).

Position

Maturity

Bid Discount

Annual Coupon Rate

Bid Price

Asked Price

Sell

2/1/2017

1.065%

-

Sell

5/15/2020

7.125%

133.9891

133.8047

Buy

11/15/2040

3.375%

127.0313

127.0938

Sell

8/15/2046

4.875%

96.2969

96.3281

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