You buy an 6% coupon, 10 year maturity bond for $980. A year later, the bond price is $1,200. Assume annual payments.(UHW16/189)
A. What is the new YTM on the bond?
B. What is the ROR over the year?
Please show finacial calcualtor inputs as well as the equation to solve by hand if possible. Do not compute in excel.