You are considering buying a semi-annual bond that has 24 coupon payments remaining, with the next coupon payment occurring 8 days from the settlement date. The bond's coupon rate is 6.6% and similar bonds are reported to have a yield of maturity of 5.7% There are 182 days between the bond's coupon payments.

a) What is the maximum price that you are willing to pay for the bond?

b) If your assumptions are correct then what is the estimated quoted price (remember quotes are a percent of par value)?