A bond with 8 years to maturity has an annual coupon rate of 5.1% and pays interest semiannually. Assume that today we are 58 days into the current 183-day coupon payment period, and the required rate of return is 5.7%. What is the flat price that would be quoted by a dealer on this bond, per $100 of par value?
Advise , calculate full price, calculate accrued interest, then flat price is full price less accrued interest.
correct asnwer is 96.24.​