You buy a bond for $955 that has a coupon rate of 6.00% and a maturity of 10-years. A year later, the bond price is $1,080. (Assume a face value of $1,000 and annual coupon payments.)

A)What is the new yield to maturity on the bond?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

B) What is your rate of return over the year?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.