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It is January 9, 2013. The price of a Treasury bond with a 12% coupon yearly that matures on October 12, 2020, is quoted as

It is January 9, 2013. The price of a Treasury bond with a 12% coupon yearly that matures on October 12, 2020, is quoted as 102-07. What is the cash price? Remember Treasury bonds make coupon payments semiannually.

Please show the formula and explain it.

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