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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.)
b. What is the total (6-month) rate of return on the bond? (Do not round intermediate calculations. Round your answer to the nearest whole percent.)
Please provide inputs for calculating in excel or financial calculator
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