Find the bonds price today and six months from now

Reference no: EM13259462

Consider a bond with a par value of 1,000 paying a coupon rate of 10% per year semiannually when the market interest rate is only 3% per half year. The bond has 4 years until maturity.

Required:

Find the bond's price today and six months from now after the next coupon is paid

Reference no: EM13259462

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