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Business, 26.10.2021 22:40 trillred

A bond has a par value of $1,000, a time to maturity of 20 years, and a coupon rate of 7.00% with interest paid annually. If the current market price is $700, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains unchanged

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A bond has a par value of $1,000, a time to maturity of 20 years, and a coupon rate of 7.00% with in...
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