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Consider a bond paying a coupon rate of 10% per year semiannually when the market interest rate is only 4%. The bond has 3 years

Consider a bond paying a coupon rate of 10% per year semiannually when the market interest rate is only 4%. The bond has 3 years until maturity. Find the bond price today and six months from now after the next coupon is paid, assuming the market rate will be constant during the following 6 months. What is the total rate of return (holding period return) on the bond over the six month period?

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