thank you

Chapter 12- Financial Planning Exercise 18 Clean and dirty bond prices You have decided to sell a 5 percent semi-annual coupon bond 2 months after the last coupon payment. The bond is currently selling for $961.75 Answer the following questions about the bond. Assume that the par value of the bond is $1,000. Round your answers to nearest cent. a. What is the clean price of the bond? b. What is the dirty (full) price of the bond? $ c. Explain how the clean and dirty prices of the bond are relevant to the buyer of the bond. The input in the box below will not be graded, but may be reviewed and considered by your instructor