Question
Wee Beastie Animal Farm bonds have 9 years to maturity and pay an annual coupon at the rate of 5.7 %. The face value of
Wee Beastie Animal Farm bonds have 9 years to maturity and pay an annual coupon at the rate of 5.7%. The face value of the bonds is $1,000. The price of the bonds is $1,049.75 to yield 5%. What is the capital gain yield on thebonds?
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
