You buy a bond for $988 that has a coupon rate of 5.70% and a maturity of 9-years. A year later, the bond price is $1,168. (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. Yield to maturity 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. Rate of return % %

You buy a bond for $988 that has a coupon rate of 570% and a maturity of 9 -years. A year later, the bond price is $1,168. (As5ume a face value of $1,000 and annual coupon payments ) a. What is the new yleld 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