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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 ond has
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 ond has six years until maturity. Required: . Find the bond's price today and six months from now after the next coupon is paid. (Do not round intermediate calculations. Round our answers to 2 decimal places.) . What is the total rate of return on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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