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bblem 1 0 - 2 1 ( Algo ) luired: ond has a par value of $ 1 , 0 0 0 , a time
bblem Algo
luired:
ond has a par value of $ a time to maturity of years, and a coupon rate of with interest paid annually. If the current ket price is $ 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 decimal places.
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