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bblem 1 0 - 2 1 ( Algo ) luired: ond has a par value of $ 1 , 0 0 0 , a time

bblem 10-21(Algo)
luired:
ond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 8.50% with interest paid annually. If the current ket price is $850, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains hanged? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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