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A bond has a face value of $1,100 and a 10% coupon rate, its current price is $1,040, and it is expected to increase to
A bond has a face value of $1,100 and a 10% coupon rate, its current price is $1,040, and it is expected to increase to $1,050 next year. The current yield is 10.57 %. (Enter your response rounded to one decimal place.) The expected rate of capital gain is %. (Enter your response rounded to one decimal place)
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