There is a 4 percent coupon T-note trading in the market today. Its next semi-annual

coupon payment is in 51 days. After this coupon payment, the T-note has 9 more semi-

annual coupon payments and a nal face value payment of $1,000. The quoted asked

yield is currently 2.3 percent (compounded semi-annually). The settlement will occur

in 2 days. The number of days in the current semi-annual period is 183 days. What

is the full (or dirty) price and what is the clean price? Also, what accrued interest

do you owe the current owner at settlement?