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Hooper Printing Inc. has bonds outstanding with 24 years left to maturity. The bonds have an 12% annual coupon rate and were issued one year
Hooper Printing Inc. has bonds outstanding with 24 years left to maturity. The bonds have an 12% annual coupon rate and were issued one year ago at their par value of $1,000 , but due to changes in interest rates, the bond's market price has fallen to $920.70 The capital gains yield last year was - 7.93%. a. What is the yield to maturity? Round your answer to two decimal places. % b. For the coming year, what is the expected current yield? Round your answer to two decimal places. % c. For the coming year, what is the expected capital gains yield? Round your answer to two decimal places. %
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