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Consider a bond paying a coupon rate of 1 1 . 7 5 % per year semiannually when the market interest rate is only 4

Consider a bond paying a coupon rate of 11.75% per year semiannually when the market interest rate is only 4.7% per half-year. The bond has two years until maturity.
Required:
a. Find the bond's price today and six months from now after the next coupon is paid. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
\table[[Current price,],[Price after six months,]]
b. What is the total rate of return on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Total rate of return
% per six months
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