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The general bond pricing formula for fixed-coupon bonds, assuming settlement on a coupon date, is as follows: $$ P = \sum_{i=1}^N \frac{c/f}{(1 + y/n)^{nt}}, $$ where $c$ is the size of the cash flow, $f$ is the coupon frequency per year, $y$ is the annualized yield, and $n$ is the compounding frequency per year. In your case, $c$ should be $2.5/2=1.25$. ...

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