Question 6 Julie buys a bond with a face value of $100, a time to maturity of three years, a coupon of 6% pa with semiannual payments and a yield of 7% pa. Six months later (immediately after the rst coupon has been paid), the REServe Bank of Australia unexpectedly cuts the cash rate. The yield on Julie's bond drops to 5% pa and she decides to sell. Required Calculate the selling price and the dollar prot or loss Julie has made on selling the bond, outlining why this prot or loss has occurred. (In dollars and cents accurate to the nearest cent)