Question
Wee Beastie Animal Farm bonds have 9 9 years to maturity and pay an annual coupon at the rate of 6.1 % 6.1%. The face
Wee Beastie Animal Farm bonds have 9
9 years to maturity and pay an annual coupon at the rate of 6.1 %
6.1%. The face value of the bonds is $ 1 comma 000
$1,000. The price of the bonds is $ 1 comma 107.00
$1,107.00 to yield 4.62 %
4.62%. What is the capital gain yield on thebonds?
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
