Problem 6-16 Bond Returns (LO2) You buy a bond for $980 that has a coupon rate of 8% and a 10-year maturity. A year later, the bond price is $1,200. (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 Problem 6-B Bond Pricing A Japan-based company, Sumo Gyms, Inc., issues a 35-year, semi-annual coupon bond, with a 300 million par value. The coupon rate is given as 6.10%, and the yield to maturity is 7.00. a. What is the value of the semi-annual coupon on the bond? (Enter your answer in millions and round to two decimal places.) Coupon million b. What is the price of the bond? (Enter your answer in millions and round to two decimal places.) Bond price million