Six $1000 bonds with 2.4% coupons payable semi-annually are purchased three months after a coupon matures, to

Question:

Six $1000 bonds with 2.4% coupons payable semi-annually are purchased three months after a matures, to yield 1.2% compounded monthly. The bonds mature in eight years.
(a) What is the purchase price of the bond?
(b) What is the accrued interest?
(c) What is the market price?
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...