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 Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
