A bond has a coupon rate of 7.5% paid semiannually, a par value
of $1000, a maturity of 10 years and a yield to maturity of 9%. You
are thinking about buying this bond but are unsure about the actual
cash outlay required to do so. The last interest payment was
December 13, 2018. If you purchase the bond, the transaction will
settle on February 25, 2019. There are 75 days between these two
dates.
a) Find the clean price...