Question: I need to know how to work out the problem by hand. Thanks for any and all help! 25. A Treasury Bond with a 9

I need to know how to work out the problem by hand. Thanks for any and all help!

I need to know how to work out the problem by hand.

25. A Treasury Bond with a 9 % coupon is issued on March 4, 2003. The first coupon date is May 15, 2003. This bond is semiannual coupon bond with par value $1,000 Half of a year is 182 days On May 19, 2003, this bond is 100-6. What is the actual purchase price for this bond? one tick of Treasury note is $0.3125 for $1,000 par value) a) 1,000.58 b) 1,001.87 c) 1,002.85 d) 1,003.57 (

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