It is May 5, 2017. The quoted price of a government bond with a 12% coupon that

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It is May 5, 2017. The quoted price of a government bond with a 12% coupon that matures on July 27, 2034, is 110-17. What is the cash price?
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...
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