DO NOT USE PREVIOUSLY ANSWERED QUESTIONS FROM CHEGG, PLEASE USE YOUR OWN WORKING OUT

2) Imagine a plain 8%100 bond which pays its coupon in equal half yearly instalments on 1 June and 1 December each year. Assume it has long residual maturity and that long term interest rates are currently at 8\%. Also assume that the bond goes 'ex-dividend' 30 days before the coupon payment date. a) What is the market/dirty price of the bond on the 10th September? b) Assume that nothing has changed, find the price on the 11th of November