Question: VolCo issues 4% coupon bonds for par value today. These bonds make semi-annual coupon payments and mature in 6 years. You buy one of these

 VolCo issues 4% coupon bonds for par value today. These bonds

VolCo issues 4% coupon bonds for par value today. These bonds make semi-annual coupon payments and mature in 6 years. You buy one of these bonds for $. You hold the bond for 6 months, collect the coupon payment, and then sell the bond immediately therafter. If the bond's yield-to-maturity is 6.7% when you sell it, what is your percentage return (not annualized) over this 6-month holding period? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 6.25%, enter .0625. Gino needs to withdraw $10,000 per year from his investment account for each of the next 16 years. How much money does he need in his account right now in order to make all withdrawals and have nothing left after the final withdrawal? Assume his first withdrawal will happen one year from now and use a discount rate of 7% in your calculations. Enter your answer as a positive number rounded to the nearest dollar

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