Question: 3) without using excel determine the answer for the following questions: a bond with a coupon rate of 6% paid quarterly, and 5 years to

3) without using excel determine the answer for the following questions:

a bond with a coupon rate of 6% paid quarterly, and 5 years to maturity is being offered in the market. if bonds with similar risks are currently being paid 3% what is the price you would pay for this bond? please show all calculations and formulas.

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