A 2.00% Treasury Bond (face value $100,000) matures January 31, 2028. Step-by-step find the price of this bond on May 25, 2020 when the discount rate is 4.50% (semi-annually compounded).

Part 1: Compute the price components as of the most recent ex-coupon date:

Number of remaining coupon payments: _

Present Value of the coupon payments: $ _

Present Value of the principal re-payment: $_

Bond price: $ _

Part 2:

How many days have passed since the most recent ex-coupon date? _

How many days in total between the previous and the next ex-coupon date?_

Bond price on May 25, 2020: $ _