You buy a(n) 7.8% coupon, 7-year maturity bond for $982. A year later, the bond price is $1,152. Assume coupons are paid once a year and the face value is $1,000.

a.	What is the new yield to maturity on the bond (one year from now)? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Yield to maturity

%

b.	What is your bond's rate of return over the year? (Round your answer to 2 decimal places.)

Rate of return

%