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LIE . 737 4 5 Problem 14.14 Consider a bond with par value = $1,000) paying a coupon rate of 7% per year semiannually when

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LIE . 737 4 5 Problem 14.14 Consider a bond with par value = $1,000) paying a coupon rate of 7% per year semiannually when the market interest rate is only 7% 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.) Current pnce r Price after six months b. What is the total (six-month) rate of return on the bond? (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Rate of return

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