Consider a five-year, default-free bond with annual coupons of 3% and a face value of $1,000 and assume zero-coupon yields on default-free securities are as summarized in the following table:

Maturity	1 year	2 years	3 years	4 years	5 years
Zero-Coupon Yields	2.00%	2.30%	2.50%	2.70%	2.802.80%

a. What is the yield to maturity on this bond?

b. If the yield to maturity on this bond increased to 3.20%, what would the new price be?