A 30 -year maturity bond has a 6% coupon rate, paid annually. It sells today for $878.85. A 20 -year maturity bond has a 5.5% coupon rate, also paid annually. It sells today for $881.7. A bond market analyst forecasts that in five years, 25 -year maturity bonds will sell at yields to maturity of 7% and 15 -year maturity bonds will sell at yields of 6.5%. Because the yield curve is upward sloping, the analyst believes that coupons will be invested in short-term securities at a rate of 5.4%. a. Calculate the (annualized) expected rate of return of the 30 -year bond over the 5-year period. (Round your answer to 2 decimal places.) b. What is the (annualized) expected return of the 20 -year bond? (Round your answer to 2 decimal places.)