Question
Wee Beastie Animal Farm bonds have 9 years to maturity and pay an annual coupon at the rate of 5.6%. The face value of the
Wee Beastie Animal Farm bonds have 9 years to maturity and pay an annual coupon at the rate of 5.6%. The face value of the bonds is $1,000. The price of the bonds is
$1,026.03 to yield 5.23%. What is the capital gain yield on the bonds?
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Handbook Of Financial Intermediation And Banking
Authors: Anjan V. Thakor, Arnoud Boot
1st Edition
0444515585, 978-0444515582
