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Q. 3 The article in WSJ from June 4, 2020, tells that Yields on Chinas 10-year sovereign bonds, denominated in yuan, this week hit their

Q. 3

The article in WSJ from June 4, 2020, tells that Yields on Chinas 10-year sovereign bonds, denominated in yuan, this week hit their highest levels since late February at about 2.83%

Assume that on June 4, 2020, Chinas 10-year sovereign bond has a coupon rate of 4.5( with two coupon payments in a year). What is the price of the bond?

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