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Consider a bond (with par value = $1,000) paying a coupon rate of 6% per year semiannually when the market interest rate is only 3%
Consider a bond (with par value = $1,000) paying a coupon rate of 6% per year semiannually when the market interest rate is only 3% per half-year. The bond has three years until maturity a. Find the bond's price today and six months from now after the next coupon is paid (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. 947 86 Current price Price after six months S 999 99 b. What is the total (six-month) rate of return on the bond? (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Answer is complete but not entirely correct. Rate of retum
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