What is the expected capital gains (or loss) yield for the coming year? Use amounts calculated in above requirements for calculation, if required. Negative value should be indicated by a minus sign. Round your answer to two decimal places.

%

Is this yield dependent on whether the bond is expected to be called?

1. The expected capital gains (or loss) yield for the coming year does not depend on whether or not the bond is expected to be called.
2. If the bond is expected to be called, the appropriate expected total return is the YTM.
3. If the bond is not expected to be called, the appropriate expected total return is the YTC.
4. If the bond is expected to be called, the appropriate expected total return will not change.
5. The expected capital gains (or loss) yield for the coming year depends on whether or not the bond is expected to be called.

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