Question: I need some help with this Finance question. Please show the work, thank you! Consider a $1,000 par value bond with an 8% semiannual coupon.

I need some help with this Finance question. Please show the work, thank you!

I need some help with this Finance question. Please show the work,

Consider a $1,000 par value bond with an 8% semiannual coupon. There are 10 years remaining until maturity. Assume that the required return on the bond is 6%. a) Assume the current market price is $1150. Should you buy or sell this bond today? At what price? b) Assume investor XXX buys the bond $1150 today and holds it for 6 months. After receiving the coupon, investor XXX sells the bond for $1040. What is investor XXX's return rate in 6 months

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