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A bond has a 10 percent coupon rate, makes annual payments, matures in 12 years, and has a yield-to-maturity of 7 percent. 1. Given this:
A bond has a 10 percent coupon rate, makes annual payments, matures in 12 years, and has a yield-to-maturity of 7 percent. 1. Given this: a. What is the price of the bond today? b. What is the bond's current yield? c. Based on the yield-to-maturity and the current yield, what is the bond's expected capital gains yield over the next year
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