One year ago you bought a 5-year 8% coupon bond that will pay $1,000 at maturity (its par value). The bond was priced at $924.18 to yield 10% and pays interest annually at the end of each year. Now, one year later, (after the first interest payment), the bond is priced to yield 9%.

What is the new price if you decide to sell now? (5 points) Please show all work for calculations

What was your holding period return for the one year? (5 points)