It is April 7, 2014. The quoted price of a U.S. government bond with a 6% per

Question:

It is April 7, 2014. The quoted price of a U.S. government bond with a 6% per annum (paid semiannually) is 120-00. The bond matures on July 27, 2023. What is the cash price? How does your answer change if it is a corporate bond?
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...