One year ago, an investor purchased a 10 -year, $1,000 face value, 8% semiannual coupon bond with an 8% yield to maturity at par. Now, one year later, interest rates remain unchanged at 8%. If the investor sells the bond today (immediately after receiving the second coupon payment, and with no transaction costs), he will have: (Terminology - Capital gain is a rise in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold) no capital gain or loss a capital gain of $80 a capital loss of $80