Jason purchased a 5-year annual-interest coupon bond 2 years ago. It's coupon interest rate was 6%, and its par value was $1,000. At the time Jason purchased the bond, the yield to maturity was 5%. Jason sold the bond after receiving the first and second interest payments and the bond's yield to maturity had changed to 3%.

a) (5 points) How much did Jason pay for the bond 2 years ago?

b) (5 points) What is Jason's total holding period rate of return on holding the bond for 2 years?