Question: This is a question on bonds that Im having trouble with: It is now May 1, 2015, and Paul has just purchased a five-year U.S.

This is a question on bonds that Im having trouble with:

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.

1 How much will Paul actually pay for this bond? (Rounded to 2 decimals)

2 Had this been a Canadian government bond, what would be the cash price?( Rounded to 2 decimals)

What do they mean? Im confused

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