Question: Please show all work and explain each step (and each formulas used). Do NOT use Excel. A bond with a 10% coupon paid semiannually every

Please show all work and explain each step (and each formulas used).
Do NOT use Excel.
Please show all work and explain each step (and each formulas used).Do

A bond with a 10% coupon paid semiannually every January 1st and July 1st is quoted as selling at an ask price of 1025.5 . If you buy the bond from the dealer today (April 5th ), what price will you pay for it

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