Question: Consider a bond (with par value = $1,000) paying a coupon rate of 9% per year semiannually when the market interest rate is only 7%

Consider a bond (with par value = $1,000) paying a coupon rate of 9% per year semiannually when the market interest rate is only 7% 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. (Round your answers to 2 decimal places.)

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