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Some years ago, you bought a 5% annual coupon bond with a face value of1,000 that had a YTM of 6% and 10 years left
- Some years ago, you bought a 5% annual coupon bond with a face value of1,000 that had a YTM of 6% and 10 years left until maturity at that time. Suddenly you are forced to sell the bond today at the market price of908. What is your capital gain/loss?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
