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One year ago, Gangnam Inc. issued a 12-year, 5% semiannual coupon bond at its par value of $1,000. The bond can be called in 8

One year ago, Gangnam Inc. issued a 12-year, 5% semiannual coupon bond at its par value of $1,000. The bond can be called in 8 years at a price of $1,100 and it now sells for $670.92. The bond has a yield to maturity of 10%. What is the expected capital gains yield for the coming year?

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