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You would like to buy a bond with a 5 % annual coupon rate, semi - annual coupons that trade on a 3 0 /

You would like to buy a bond with a 5% annual coupon rate, semi-annual coupons that trade on a 30/360 basis, maturity date of December 31,2047 and a face value of 1,000,000 at a 6% yield to maturity. The settlement date of your trade is March 7,2024. Using the Excel Price function, what is the clean price of the bond? How much accrued interest is there on the bond? What is the total amount you need to deliver to purchase the bond March 7,2024?

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