A three-year bond with $1000 par pays 6% annual coupon semiannually. The current yield-to-maturity on the bond is 5% in semiannual term.

If the YTM doesnt change, what will the price of this bond in 6 months just before the first coupon is paid?

What is your holding period return if you sell the bond at that point?

Repeat this calculation assuming that the bonds YTM increases to 8% in 6 months. Is YTM always equal to bond returns?