Question: Please include specific explanations for each step!!! I'm a beginner and need specific explanations for understanding. Thanks ABC 30-year bonds selling for $888.88 pay 6

Please include specific explanations for each step!!! I'm a beginner and need specific explanations for understanding. Thanks

ABC 30-year bonds selling for $888.88 pay 6 percent interest annually on a $1,000 par value. The bonds pay coupons semiannually. Seven years from now, the YTM on the bonds is expected to rise by 0.5%, and you decide to sell. What is the expected holding period yield (HPY) on your investment?

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