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Some 7 . 7 percent semiannual coupon bonds are selling for 9 3 . 5 2 . The bonds have a face value of $

Some 7.7 percent semiannual coupon bonds are selling for 93.52. The bonds have a face value of $1,000 and mature in 10 years. What is the expected annual percentage price growth (capital gain yield)? HINT: find the YTM first and remember that YTM can be expressed as the sum of two components.
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