The Government of Canada auctioned a new benchmark 2 year bond, to settle on October 2nd, 2020. The bond has a maturity of November 1st, 2022. Assume the bond pays coupons semi-annually and has an actual/365days day count convention. a) (4 pts) Using the information above, what was the average clean price for the 2 year bond? How much accrued interest was there on the bond on October 2nd, 2020? b) (4 pts) The Bank of Canada calls you and asks: "Please advise us on how to achieve a 2 year outstanding benchmark bond issue of $10 billion (currently it is $6 billion). Furthermore, we would like to offer the new bonds at an average yield to maturity of 0.50%. What is the average clean price to offer the 2 year bond in this case? Assume the next auction settles on October 27th, 2020. Term Coupon Issue Average Average Rate Amount Price Low High Auction Yield Yield Yield Coverage 2Y 0.25% 6 billion ? 0.274 0.270 0.275 3.032