The article in WSJ from June 4, 2020, tells that "Yields on China’s 10-year sovereign bonds, denominated in yuan, this week hit their highest levels since late February at about 2.83%"
Assume that on June 4, 2020, China’s 10-year sovereign bond has a coupon rate of 4.5( with two coupon payments in a year). What is the price of the bond?
