A 10 year callable bond with semi - annual coupons has norminal annual coupon rate of 8% .

The interest rate is 6% and the bond can be called by the issuer's right after a coupon is paid, on or after The end of the 5th year. what is the price of the bond ?

This financial math.

Please solve using formulas and show everything step by step. Please solve out on paper.

Thanks in advance.

5 A 10 year cablable bond with ( , semi-annual Coupons has nominal annual coupon rate of 8% The interest rate is 6% and the bond can be called by the issuer right after a coupm is paid, on or after . What is the price of this bond? The end of the 5t year