Three years after the issue of a $10,000, 6.5% coupon, 25-year bond, the rate of return required in the bond market on long-term bonds is 5.6% compounded semiannually.
a) At what price would the bond sell?
b) What capital gain or loss (expressed as a percentage of the original investment) would the owner realize by selling the bond at that price?

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The Answer of Three years after the issue of a $10,000, 6.5% coupon, 25-year bond, the rate of return required in the bond market on long-term bonds is 5.6% compounded semiannually.
a) At what price would the bond sell?
b) What capital gain or loss (expressed as a percentage of the original investment) would the owner realize by selling the bond at that price?

Three Years After the Issue of a $10,000, 6