You buy a bond for $982 that has a coupon rate of 7.8% and a 7-year maturity. A year later, the bond price is $1,152. (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.)

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.)