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(b)A 4%, $10,000 bond makes coupon payments semiannually on June 15 and December 15 and is trading with a YTM of 3% (APR). The bond

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(b)A 4%, $10,000 bond makes coupon payments semiannually on June 15 and December 15 and is trading with a YTM of 3% (APR). The bond is purchased and will settle on August 25 when there will be four coupons remaining until maturity. Calculate the full price of the bond using actual days. (Hint: need to count the days involved) (12 marks)

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