The purchase price of a bond on March 3, 2019 is $400. If the
yield rate is j2=11.1%j2=11.1%, how many days will it take for the
dirty price to be at least $405.6. 
Homework Answers
Dirty Price = Price of Bond + accrued Interest
Accrued Interest = 405.6 - 400 = 5.6
Accrued Interest = Price * Rate * (Days/365)
Days = Accrued Interest*365/(Price*rate)
Days = 5.6*365/(400*11.1%) = 46 Days
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