Problem:
You have the following bond: $1000 Par, 22 years to maturity, Mkt rate of 9.75%, coupon of 10.25%, compounded semi-annually. The PV of the bond is $1044.97.
Required:
Question: What contribution to this $1044.97 does the coupon payment 27 periods from today make to this figure? Enter as a positive number, with two decimal places.
Explain comprehensively and show all calculation.