On October 20,2013 you purchase a S10,000 T-note that matures on July 1,2016. The coupon rate on the T-note is 6% and the price at which you buy is 102:24. The last coupon payment on the note occurred on July 1, 2013, and the next payment will be made on January 1,2014. Suppose settlement occurs immediately.
Calculate the accrued interest due to the seller from the buyer at the time of purchase.
Calculate the dirty price for the T-Note.