Corp. X issues a bond with par/face value of $1,000 that makes semiannual coupon payments at a coupon rate of 7%. A similar (comparative) bond by Corp. Y offers an interest rate of 6% per half-year. The Corp. X bond has 3 years until maturity.

a. Find the bond's price of Corp. X today and 6 months from now after the next coupon is paid.

b. What is the total (6-month) rate of return on the Corp. X bond?