How much would you have to pay for a U S government bond ($1,000 maturity value) scheduled to mature in November 2015 and quoted at 147 27 asked The coupon rate on the bond is 9 percent ...

In the given scenario the asked quote on a 1000 government bond maturing in November 2015 is 14727 ...

How much would you have to pay for a U.S. government bond ($1,000 maturity value) scheduled to

Question:

How much would you have to pay for a U.S. government bond ($1,000 value) scheduled to mature in November 2015 and quoted at 147:27 "asked"? The rate on the bond is 9 percent.
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...