Computing Bond Price on a Non-Coupon Date

Consider a bond paying a coupon rate of 10% per year semiannually when the market interest rate is only 4% per half-year. The bond has three years until maturity.

a. Find the bond's price today. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Current price

$

b. Find the bond's price four months from now. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Price after four months

$