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A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 7.80% with interest paid annually.
A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 7.80% with interest paid annually. If the current market price is $780, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains unchanged?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
What will be the price of the bond next year if its YTM remains unchanged?
$
Capital gain
$
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