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A bond pays a coupon of 6.5% and matures in 8 years. The coupon is paid semi-annually on 1st January, and 1st July. The bond

A bond pays a coupon of 6.5% and matures in 8 years. The coupon is paid semi-annually on 1st January, and 1st July. The bond is quoted for 970 value on March 31, 2018. What is the dirty price if the par value is $1000?

*work out using step by step or by hand NOT using excel or any other program!*

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