Let us use the present value of an annuity formulas to find price of treasury bond that has 2 years till maturity. The bond has a par value of $100 and coupon rate of 3% thereby paying $1.5 coupon after each six-month period. The market yield on the bond is 2.9%. Calculate the price of the bond.

1. I would like to calculate the bond price manually by showing the discounted cash flows (coupon payments) schedule.

2. How schedule it will be if the payments is annuity due?

3. Also using the generic formula to calculate the PV for both: ordinary annuity and annuity due.