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Homework answers / question archive / A 10,000 bond with 8% coupon rate compounded semiannually is being sold to Andrew three years and four months before the bond matures

A 10,000 bond with 8% coupon rate compounded semiannually is being sold to Andrew three years and four months before the bond matures

Finance

A 10,000 bond with 8% coupon rate compounded semiannually is being sold to Andrew three years and four months before the bond matures. The purchase will yield 6% compounded semiannually to the buyer. 
Calculate:
a)the theoretical price of the given bond
b)the quoted price of the given bond

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