1. Todays Saleem agrees to buy from Mohamed 5%, $1000 par value US treasury bond 40 days after the last coupon payment. Settlement takes place in two days. From today there are 140 days remaining until the next coupon payment is paid

The bonds clean price quote is 110:16. Bond price is quoted in 32nds as a percent of face value

1. Compute the accrued interest
2. Compute the dirty or full price for this bond