Find the bond price today and six month

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Reference no: EM131346333

Consider a bond paying a coupon rate of 11.25% per year semiannually when the market interest rate is only 4.5% 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. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Current price $

Price after six months $

Reference no: EM131346333

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