Problem # $1$: A bond issued on February $1,2004$ with face value of $$12400$ has semiannual coupons of $5\mathrm{.}5\%,$ and can be

redeemed for par $($face value$)$ on February $1,2022.$ What is the accrued interest and the market price $($the "clean"

price$)$ of the bond on November $15,2006,$ if the bond's yield on that date is to be $8\mathrm{.}5\%?($use actual$/$actual for

accrued interest$).$