Business, 18.02.2020 22:04 bossefamily1

One year ago, Gangnam Inc. issued a 12-year, 3% semiannual coupon bond at its par value of $1,000. The bond can be called in 8 years at a price of $1,100 and it now sells for $696.66. The bond has a yield to maturity of 7%.What is the expected capital gains yield for the coming year?

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One year ago, Gangnam Inc. issued a 12-year, 3% semiannual coupon bond at its par value of $1,000. T...