Suppose you just purchased a bond with 14 years to maturity that pays an annual coupon of $44.00 and is selling at par. Calculate the one-year holding period return for each of these three cases:

a. The yield to maturity is 3.10% one year from now. (Negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) HPR %

b. The yield to maturity is 2.70% one year from now. (Round your answer to 4 decimal places.) HPR %