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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

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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 Maturity Bid Discount Coupon Rate 1.06590 Annual Bid Price Asked Price Sell Sell Buy Sell 2/1/2017 5/15/2020 11/15/2040 8/15/2046 71 25% 3.375% 4.875% 133.9891 127.0313 96.2969 133.8047 127.0938 96.3281

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