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Bond P is a premium bond with a 1 9 % coupon. Bond D is a 6 % coupon bond currently selling at a discount.

Bond P is a premium bond with a 19% coupon. Bond D is a 6% coupon bond currently selling at a discount. Both bonds make annual payments, have a YTM of 15%, and have five ears to maturity. If interest rates remain unchanged, what is the expected capital gains yield over the next year for bond D?

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