Is this veld desendent on wherver the bond is eopected to be called? 1. The expected captal gains (or lons) veld for the coming vear does not depend on whether of not the bond la expected to be called. 11. If the bond is expecied to be celled, the appropriate expected totai recurn is the Yme N. If the bond is expetid to be caled, pie aperopriate expected tocat return will not change