What annual yield would be necessary for an investor to make a 10 percent profit on the price of the bond in question 1 in one year? Calculate the new price first.

Question No. 1 is below for reference, where the answer is $898.28

What is the price of a bond that has a twelve-year maturity, a coupon rate of 3.45 percent, a par value of $1,000, and pays interest semiannually? The current market yield is 4.56 percent.