Consider a bond paying a coupon rate of 10% per year semiannually when the market interest rate is only 4% per half-year. The bond has three years until maturity.
a. Find the bond's price today. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Current price $
b. Find the bond's price four months from now. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Price after four months $