Question: How do I go about solving these bonds prices? Im unsure as to what they mean by cash price for a Canadian bond using the

How do I go about solving these bonds prices? Im unsure

How do I go about solving these bonds prices? Im unsure as to what they mean by cash price for a Canadian bond using the below information.

Any help would be great!

It is now May 1, 2015, and Paul has just purchased a five-year U.S. government bond (FV = $1,000) with a quoted price of 93.753. This bond has a 6-percent coupon rate, and the last semi-annual coupon payment was made on January 1, 2015. How much will Paul actually pay for this bond? (Round answer to 2 decimal places, e.g. 1564.25.) Bond price Had this been a Canadian government bond, what would be the cash price? (Round answer to 2 decimal places, e.g. 1564.25.) Bond price $

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