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Two and one-half years ago, Nova Scotia power sold an issue of 25-year,8% coupon bonds. if the current semiannually compounded return required in the bond
Two and one-half years ago, Nova Scotia power sold an issue of 25-year,8% coupon bonds. if the current semiannually compounded return required in the bond market is 6.9%, calculate the percent capital gain or loss on the bonds over the entire 2.5 year holding period. (official answer is 12.48%, please use formula)
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