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Consider a bond paying a coupon rate of 12.25% per year semiannually when the market interest rate is only 4.9% per half year. The bond

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Consider a bond paying a coupon rate of 12.25% per year semiannually when the market interest rate is only 4.9% per half year. The bond has six years until maturity 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.) Current price Price after six months es 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 retum % per il months

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