Yield Computation . Consider a 30-year 8 percent bond, paying coupon semi-annually, and selling for $896.81 today (note that the yield is 9 percent). Find the holding period return if the interest...

Yield Computation

. Consider a 30-year 8 percent bond, paying coupon semi-annually, and selling for $896.81 today (note that the yield is 9 percent). Find the holding period return if the interest rate rises to 10 percent after six months. Make sure to annualize the rate.

Please use formula to show answer if possible.