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On September 1, 2017, an investor purchases a $10,000 par T-bond that matures in 12 years. The coupon rate is 6.875 percent and the investor

On September 1, 2017, an investor purchases a $10,000 par T-bond that matures in 12 years. The coupon rate is 6.875 percent and the investor buys the bond 110 days after the last coupn payment (70 days before the next). The ask yield is 7 percent. Calculate the clean price, accrued interest and the dirty price of the bond.

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