The $10-$year coupon bond which you are analysing has coupon rate of $5\mathrm{.}5\%,$ paid on a semiannual basis. If the discount rate required by the market for a bond with those characteristics is equal to $5\mathrm{.}2\%,$ how much should you be willing to pay for it$?$

Answer $(2$ decimal place$)$

THE CORRECT ANSWER IS:

$102\mathrm{.}32.$ EXPLAIN THE STEPS ON HOW TO GET THIS ANSWER