you have just purchased a 4-year coupon bond paying a coupon rate of 10% per year semiannually with a yield to maturity of 8% and a face value of $1000.

a)Find the bond price today and six months from now after the next coupon is paid. Assume the yield to maturity on the bond is 9% after six months.

b)What would your rate of return if you sell the bond right after receiving the first coupon?

c)What would your rate o return if you sell the bond 30 days after receiving the first coupon?The reinvestment rate is 3% for these days(not annualized). Assume the bond's bid and ask prices on the market at this time are P bid=1013.96 and P ask=1019.03. The coupon periods has 182 days.