Calculate accrued interest due to the seller from the buyer

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Reference no: EM131302084

On October 5, 2015, you purchase a 11,000 T-note that matures on august 15,2027 (settlement occurs two days after purchase, so you receive actual ownership of the bond on October 7, 2015) the coupon rate on the t-note is 4.391 percent and the current price quoted on the bond is 105.75 percent. The last coupon payment has offered on may 15, 2015 (145 days before settlement) and the next coupon payment will be paid on November 15, 2015 (39 days from settlement)

A) calculate accrued interest due to the seller from the buyer at settlement

B) calculate the dirty price

Round final answers to 2 decimal places

For A, I already tried 173.01

For B, I already tried 10,748.01 don't know what I am doing wrong. Please show your work.

Reference no: EM131302084

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