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A 6 9 . 0 9 % coupon, 1 7 - year annual bond has a yield to maturity of 9 . 2 3 %
A coupon, year annual bond has a yield to maturity of Assuming the par value is and the YTM does not change over the next year, what is the capital gain of the bond over the next year? Hint: You will need to compute the price of the bond today and the price of the bond in one year.
Display your answer as a percentage to decimal places. For example, if the answer is please type in
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