You buy a bond for $973 that has a coupon rate of 7.2% and a 10-year maturity. A year later, the bond price is $1,128. (Assume a face value of $1,000 and annual coupon payments.)

a. What is the new yield to maturity on the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Yield to maturity % =

b. What is your rate of return over the year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Rate of return %=