A $20-$year bond of a firm in severe financial distress has a coupon rate of $13\%$ and sells for $$905.$ The firm is currently renegotiating the debt, and it appears that the lenders will allow the firm to reduce coupon payments on the bond to one$-$half the originally contracted amount. The firm can handle these lower payments. What are $($a$)$ the stated and $($b$)$ the expected yield to maturity of the bonds? The bond makes its coupon payments annually.