A financial calculator is recommended.

Suppose a $1,100 5% bond with annual coupons and a redemption payment of $1,260 was purchased on February 23, 1995 at a price to yield the new buyer 8.2% annually. Further suppose that the redemption payment was due on August 1, 1995 and that the bond was a corporate bond so that day counts are made using the "30/360" method. Use the BA II Plus calculator Bond worksheet to calculate the price paid at the February 23rd settlement and the accrued interest included in the price. Check your answers without using the Bond worksheet. (Round your answers to the nearest cent.)

price (including accrued interest): $

accrued interest: $