Suppose, three years ago, you purchased a 15-year coupon bond paying 5% interest annually with a face value of $1000. It is now three years later and you just received an interest payment yesterday (the bond matures in exactly twelve years). You look in the paper and the yield on comparable debt is 6%. If you bought it at Par value, did you have a capital gain or loss? Also, if the yield decreased to 4.5%, would you have a capital gain or loss, or could you tell?

Group of answer choices

Capital Gain; Capital Gain

Capital Gain; Capital Loss

Capital Loss; Capital Loss

none of them

Capital Loss; Capital Gain