3 - topic: time value of money and bonds - ch 6 and 7 (dont use excel)

Problem 3 Jeanete owns a $1,000 face value US Treasury bond, that has 5% coupon rate (nominal rate), and this bond has exactly 10 years until maturity. If the coupons are paid twice a year, and the next coupon is going to be paid exactly in six months, give the current price of this bond, if the market interest rate is 6%. Manual calculations. What if the market interest rates fluctuate from 6% to 4%? (In the real world-situation, it won't happen in one day, but in this problem it's possible)