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A company offers to sell you a bond, with a par value of $1,000, for $845. Annual coupons of $50 will be paid until the
A company offers to sell you a bond, with a par value of $1,000, for $845. Annual coupons of $50 will be paid until the bond matures 10 years from now, at which time it will be redeemed for $1,000. The next coupon will be paid a year from today. What is the capital gains yield for this bond
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