Question
A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 7.7% 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 7.7% with interest paid annually. If the current market price is $770, what will be the approximate capital gain yield of this bond over the next year if its yield to maturity remains unchanged? (2 Marks)
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
