Question: Consider a bond ( with par value = $ 1 , 0 0 0 ) paying a coupon rate of 9 % per year semiannually
Consider a bond with par value $ paying a coupon rate of per year semiannually when the market interest rate is only per halfyear. 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. Round your answers to decimal places.
Answer is complete but not entirely correct.
tableCurrent price,$
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