We will calculate the dirty price of the bond using the following steps:

• Assume the face value of the bond is $100, and an 8% coupon bond will pay $4 on June 10th and December 10th.
• Since the bond was purchased on April 8th, 2017, the last coupon was paid on December 10th, 2016.
• The number of actual days from December 10th to April 8th is 119 days.
• The number of actual days between December 10th and June 10th is 182 days.

Accrued interest = 119 / 182 × $4 = $2.615

The quoted price of 93-8 is equal to $93 + 8/32, as the Treasury bond prices are quoted in dollars and thirty-seconds of a dollar.

Dirty price = Quoted price + Accrued interest = $93.25 + $2.615 = $95.865 or $95,865 with the face value of $100,000.