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Today is April 15, 2016 (a leap year). We have the prices and yields for the following three bonds. Assume that all the bonds have

Today is April 15, 2016 (a leap year). We have the prices and yields for the following three bonds. Assume that all the bonds have face values of $1,000, and pay semi-annual coupons.

Bond

Coupon

Maturity date

Bid $

Yield %

1

5.750

Jun/01/2029

146.76

1.74

2

5.750

Jun/01/2033

154.59

1.97

3

3.500

Dec/01/2045

131.48

2.07

Fill in the blanks in the following table. Clearly show all reasoning and calculations in your answers.

Bond

Clean price $

Last coupon date

# days since last coupon

# days between last and next coupon

Accrued

Interest

Dirty price $

1

1467.60

Dec/01/2015

136

183

21.37

1488.97

2

3

REALLY confused on the days and how to calculated the accrued interest. Understand the clean price calculation.

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