Question
Wee Beastie Animal Farm bonds have 7 7 years to maturity and pay an annual coupon at the rate of 5.8 % 5.8%. The face
Wee Beastie Animal Farm bonds have 7
7 years to maturity and pay an annual coupon at the rate of 5.8 %
5.8%. The face value of the bonds is $ 1 comma 000
$1,000. The price of the bonds is $ 1 comma 029.20
$1,029.20 to yield 5.29 %
5.29%. What is the capital gain yield on thebonds?
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
