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changes in interest rates, the bond's market price has fallen to $ 9 0 8 . 3 0 . The capital gains yield last year
changes in interest rates, the bond's market price has fallen to $ The capital gains yield last year was
a What is the yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. calculations. Round your answers to two decimal places.
Expected current yield:
Expected capital gains yield:
c Will the actual realized yields be equal to the expected yields if interest rates change? If not, how will they differ? and as a result, the realized return to investors should equal the YTM the YTM as a result, the realized return to investors will differ from the YTM and as a result, the realized return to investors should equal the YTM as a result, the realized return to investors should equal the YTM
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