Question: how to arrive at HPR=7.57 please show all working using a calculator You purchased a 6% annual coupon bond one year ago. The remaining time

how to arrive at HPR=7.57

please show all working using a calculator

You purchased a 6% annual coupon bond one year ago. The remaining time until maturity was 5 years, and the par value is $1,000. When you purchased the bond, the YTM was 4%. Today you sold the bond right after receiving the first coupon and the bond's YTM today is 3%. What is your holding period return (HPR) on this investment? 2. Purchase price (Po) = Sell price (P1) = 7.57 HPR

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