Question
Wee beastie animal farm bonds have 7 years to maturity and pay an annual coupon at the rate of 6.4%. The face value of the
Wee beastie animal farm bonds have 7 years to maturity and pay an annual coupon at the rate of 6.4%. The face value of the bonds is $1,000. The price of the bonds is $1,095.73 to yield 4.76%. What is the capital gain yield on the bonds?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
