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5. LO1 Two and one-half years ago, Nova Scotia Power sold an issue of 25-year, 8% coupon bonds. If the current semiannually compounded return required
5. LO1 Two and one-half years ago, Nova Scotia Power sold an issue of 25-year, 8% coupon bonds. If the current semiannually compounded return required in the bond market is 6.9%, calculate the percent capital gain or loss on the bonds over the entire 2-year holding period
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