It is now May 1, 2015, and Paul has just purchased a five-year U.S. government bond (FV= $1,000) with a quoted price of 93.753. This bond has a 6-percent coupon rate, and the last semi-annual coupon payment was made on January 1, 2015.

It is now May 1, 2015, and Paul has just purchased a five-year U.S. government bond (FV = $1,000) with a quoted price of 93.753. This bond has a 6-percent coupon rate, and the last semi-annual coupon payment was made on January 1, 2015. How much will Paul actually pay for this bond? (Round answer to 2 decimal places, e.g. 1564.25.) Bond price Had this been a Canadian government bond, what would be the cash price? ( Round answer to 2 decimal places, e.g. 1564.25.) Bond price