Question: Consider a bond ( with par value = $ 1 , 0 0 0 ) paying a coupon rate of 6 % per year semiannually

Consider a bond (with par value = $1,000) paying a coupon rate of 6% per year semiannually when the market interest rate is only 3% per half-year. The bond has three years until maturity.
Required:
Find the bonds price today and six months from now after the next coupon is paid.
What is the total (6-month) rate of return on the bond?

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