Q2: Anurag buys a 5 year, $1,000 face value bond with a 3% coupon. The bond's issue date is January 1, 2020 and it pays semi-annual coupons on January 1 and July 1 each year. Anurag pays $902.17. a) What is the yield rate for the bond? b) Assuming the yield rate doesn't change, what is the first coupon date on which the bond will be worth more than $950.00? c) Using an ACT/ACT daycount convention, what is the first day on which the bond's dirty price exceeds $950.00 (again, assuming no change in yield)? d) What is the dirty price on that day? What is the accrued interest? What is the clean price? Please provide detailed explanation and mathematical formulas for better understanding. Thanks Q2: Anurag buys a 5 year, $1,000 face value bond with a 3% coupon. The bond's issue date is January 1, 2020 and it pays semi-annual coupons on January 1 and July 1 each year. Anurag pays $902.17. a) What is the yield rate for the bond? b) Assuming the yield rate doesn't change, what is the first coupon date on which the bond will be worth more than $950.00? c) Using an ACT/ACT daycount convention, what is the first day on which the bond's dirty price exceeds $950.00 (again, assuming no change in yield)? d) What is the dirty price on that day? What is the accrued interest? What is the clean price? Please provide detailed explanation and mathematical formulas for better understanding. Thanks