The company issued 4-year bond on January 1, 2018. The coupon rate is 8% payable semiannually. The market yield on the date of issuance was 10%.

You purchased that bond and sold it on January 1, 2019 after receiving a second coupon. 1) Calculate the price of bond on January 1, 2018 when you bought it. 2) Calculate the price of bond on January 1, 2019 when you sold it when the market yield was 9%

3) Calculate the holding period return that you realized.