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You buy an 8 - year, 3 . 3 0 % annual - payment coupon bond priced to yield 5 . 3 0 % .
You buy an year, annualpayment coupon bond priced to yield You sell the bond at yearend, immediately after receiving the first coupon payment. Assuming the YTM stayed constant over the holding period, what are your capital gains from the sale of the bond?
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