Problem:
Consider a bond paying a coupon rate of 10.25% per year semiannually when the market interest rate is only 4.1% per half-year. The bond has four years until maturity.
Required:
Question 1: Find the bond's price today and eight months from now after the next coupon is paid.
Question 2: What is the total rate of return on the bond?
Note: Explain all steps comprehensively.