Bond math holding period return
How would you solve this question -
What is the 1 year holding period return of a 30 year US Treasury if it is currently selling at par ($100) with a 7% coupon and the YTM a year from now is 11%?
The answer holding period yield of (27.6%). Intermediate step is calculating the bond price of $65.4.
What are the steps you would take to get to that bond price of $65.4?