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Today, you paid $900 for a 3.25% annual coupon bond that has 20 years to maturity. If 5 years from now you sell your bond
Today, you paid $900 for a 3.25% annual coupon bond that has 20 years to maturity. If 5 years from now you sell your bond for $1,035, what will be your capital gains yield? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.
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