If the current market price is 860 what will be the, 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 8.60% with interest paid annually. If the current market price is $860, what will be the approximate capital gain yield of this bond over the next year if its yield to maturity remains unchanged?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M939438

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