how would i solve this by hand without excel or financial calc? Thanks in Advanc

Question

how would i solve this by hand without excel or financial calc? Thanks in Advance

Part A-Consider a bond with a settlement date of 01/19/1994. The maturity of the bond is March 15, 2021. The coupon rate is 5.5%. If the yield to maturity of the bond is 5.34% (bond equivalent yield, semiannual compounding), what is the list price of the bond on the settlement date? What is the accrued interest on the bond? What is the invoice price of the bond?

Part B-Now suppose the bond in the previous question is selling for 102% of face value. What is the bond’s yield to maturity? What would the yield to maturity be at a price of 102% of face value, if the bond pays its coupons only once a year?

Explanation / Answer

Use geometric progression to solve.

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