one year ago you bought a 10-year bond with 6% coupon rate (semi-annual payment) at the par value ($100) Right after you made the purchase, the market interest rate became 5%. If you've held the bond for one year, what is the new bond price and which of the following is correct about the one-year holding period yield? (assume that interest rate are compounded semi-annually)

answer: The new bond price is 107.18 the one- year holding period return greater than 6%

explain with workings