A 10-year Circular File bond with face value of $1,000 pays interest once a year of $70 and sells for $978.

What are its coupon rate and yield to maturity?

Note: Do not round intermediate calculations. Enter the coupon rate as a whole percent and the yield to maturity as a percent rounded to 2 decimal places.

If Circular wants to issue a new 10-year bond at face value, what coupon rate must the bond offer?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.