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American Siesta Inc. (ASI) bonds have a coupon rate of 12% and pay coupon annually. The bonds have 10 years remaining to maturity and are
American Siesta Inc. (ASI) bonds have a coupon rate of 12% and pay coupon annually. The bonds have 10 years remaining to maturity and are selling for $895.68. What is the capital gain yield of the ASI bond?
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