Consider a bond paying a coupon rate of \7.75 per year semiannually when the market interest rate is only \3.1 per halfyear. The bond has six years until maturity. Required: a. Find the bond's price today and six months from now after the next coupon is paid. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. b. What is the total rate of return on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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