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A 1 0 - year, 1 2 % semiannual coupon bond with a par value of $ 1 , 0 0 0 may be called
A year, semiannual coupon bond with a par value of $ may be called in years at a call price of $ The bond sells for $Assume that the bond has just been issued. What is the bond's capital gain or loss yield? Capital loss yield, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to two decimal places.
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