uired: Ond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 8.50% with interest paid annually. If the current ket price is $850, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains manged? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
uired: Ond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 8.50% with interest paid annually. If the current ket price is $850, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains manged? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 6DTM
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