Please could some one help with the correct formula to calculate the below bond parcel -

I wish to calculate the purchase price of a 10 year goverment bond parcel with a yeild rate of 8.95% paid 1/2 yearly coupon the rate is 7.5% and the bond parcel has 250 days till maturity Thank you

Netball

Hi, someone else was asking the same question and I answered it there.

I think the answer is 101.349 which is the Present value of 100 + 8.95.

I didnt find any reference to Bond Parcels in my notes either !!!