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3. What is the capital gain (as a percentage of the price paid) on a coupon bond with face-value $100, coupon rate equal to 6%,
3. What is the capital gain (as a percentage of the price paid) on a coupon bond with face-value $100, coupon rate equal to 6%, and a time-horizon of 10 years sold after a year when interest rates are 5% if the investor paid $100 to purchase the bond? Show your work
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