46. Assume an investor buys a ne wly issued 8 percent, Seml-annual 10 year bond at par. He ars later, when market interest rates have decreased to 6 percent. How sells it two ye much is the investor's capital gain or loss? a) $1,000 gain b) $1,125.44 gain c) $125.44 gain d) $377.00 loss 47. Now let's look from the view of the investor who buys an 8 percent semiannual bond with 8 years remaining to maturity, when market rates are 6%. If this investor pays $1,125.44 for the bond, what is his current yield? a) 3.55 percent b) 7.11 percent c) 8.00 percent d) 10.00 percent