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Consider a bond paying a coupon rate of 10% per year seminannually when the market interest rate is only 4% per half- year. The bond

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

a. Find the Bonds price today and six months from now after the next coupon paid

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

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