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The Brandt Corporation bonds have 2 5 years until maturity. The $ 1 , 0 0 0 par value bonds have a 1 2 %
The Brandt Corporation bonds have years until maturity. The $ par value bonds have a coupon rate and pay interest semiannually. The bonds are currently priced at $ The bonds have a yield to maturity of Assuming that the YTM stays the same, what would be the bond's capital gains yield if sold next year?
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