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7/ A 6.5% bond makes coupon payments on March 10th, June 10th, September 10th, and December 10th and is trading with a YTM of 4.25%.

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7/ A 6.5% bond makes coupon payments on March 10th, June 10th, September 10th, and December 10th and is trading with a YTM of 4.25%. The bond is purchased and will settle on August 21st when there will be 8 semesters coupons remaining until maturity. Calculate the flat price of the bond using actual days

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