Jack just purchased a 10-year semi-annual coupon bond with a par value of $1,000 and a coupon rate of 8%. The nominal yield to maturity is 7% per annum.

a) Calculate the market price of the bond when Jack purchased it. Round your answer to the nearest cent. (3 marks)

b) Three years later, immediately after receiving the sixth coupon payment, Jack sold the bond to Harry. Harrys nominal yield to maturity is 9% per annum. Calculate the price paid by Harry. Round your answer to the nearest cent. (3 marks)

c) Calculate the total holding period return earned by Jack. Round your answer to the nearest 0.01%. (2 marks)