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. $($LO $10-6)$

a$.$ Find the bond's price today and six months from

now after the next coupon is paid.

b$.$ What is the total rate of return on the bond?