A bond has a face value of 100 and is redeemable at face value with a term of 10 years. The bond has a 5% semiannual coupon rate, a yield rate of 3.8% convertible semiannually. Find the price halfway between the ninth and tenth coupon payment. F-C-100, r 2.596, Fr.-2.5, g-2.5 %,i-1.9% Find the following, book value immediately after the ninth and tenth coupon payments and the flat price, market price and accrued coupon under the three estimation techniques. Book value after 9th coupon: Book value after 10th coupon: Flat price Mid-year price Theoretical Practical Semi-theoretical Market price Accrued coupon Bond Value between Coupons We have several methods to estimate the value of a bond between coupons. We break the flat price (price it is sold for) into two pieces 1) market price and 2) accrued coupon. Using the following notation: B4k-Flat price, Btk -Market price, Frk-Accrued coupon t+k Theoretical Method Practical Method Semi-theoretical