Your Submission Sub-Subject Rating Financial Accounting Topic Accounting For Bonds Step-by-step Step 1 of 8 FOUND MULTIPLE QUESTIONS SO ANSWERING 1st QUESTION ANSWER 1.To calculate the dollar quote price (clean price) of the bond on the issue date, you can use the present value formula for a bond's cash flows. The bond pays a 5.5% annual coupon, and interest is payable semi-annually, so you will need to calculate the present value of the semi-annual coupon payments and the face value payment at the end of the three years. The formula for calculating the present value of a bond's cash flows is as follows: X Training