A semiannual bond is purchased between coupon periods. The days between the settlement date and the next coupon period are 93. There are 184 days in the coupon period. Suppose that the bond purchased has a coupon rate of 3.2% and there are 15 semiannual coupon payments remaining.
a) What is the dirty price for this bond if the bond is priced in the market to yield 5.6%?
b) What price will be quoted on WSJ (clean pice)?