Info for problem:

Coupon rate= 7% 15-year bond, YTM 6%

Assume that you purchased the bond at $1097.12. It is now two years later and the bond is selling for $1,120. What is the bonds yield to maturity at this point in time? Round your answer to the nearest tenth of a percent.

Assume that you purchased the bond at $1097.12. Now you sell the bond for $1,120. Assume you receive the second years interest payment on the sale date. What is your rate of return on this investment? You must use a financial calculator to compute this return and round your answer to the nearest tenth of a percent.