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Consider a bond with par value-$1,000 paying a coupon rate of 10% per year semiannually when the market interest rate is only 4% per half-year.

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Consider a bond with par value-$1,000 paying a coupon rate of 10% per year semiannually when the market interest rate is only 4% per half-year. The bond has 3 years until maturity. a. Find the bond's price today and 6 months from now after the next coupon is paid. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Current price Price after six months b. what is the total (6-month) rate of return on the bond? (Omit the "%" sign in your response.) Rate of return

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