A bond has a par value of 1000 a time to maturity of 10, Ask an Expert

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A bond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 8.70% with interest paid annually. If the current market price is $870, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains unchanged?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91783518

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