9. Corporate Bond Pricing in Practice: A corporate bond was issued US Corporation with 5.87%5 annual coupon rate that will mature on 11/15/2028. The spread is 213.34 bp vs 10yr Note T 0 3/8. The yield to maturity is 2.790981. The security is trading for settlement on 09/16/2020 .Your client is considering purchasing $1,000,000 face value of the bond with a coupon of 8.75% due to mature on August 15, 2017, and April 15, 2010, is the settlement date. Using the information your client would like to have answers to the following questions:

(a) Assuming your client buys the bond as of the settlement date how much would your client pay in accrued interest to the seller of the bond per 100 par amount? (b) What is the flat price or quoted price per 100 par amount.? (c) What is the dirty price or invoice price to be paid to the seller per 100 par.? (d) Assuming your client purchase a minimum lot of $1,000.00, what will the total invoice price broken into principal and accrued interest? (e) What will be the effective yield to maturity if the bond is held until maturity and there is no default.?