Question: 5 value: 0.90 points A bond has a par value or $1,000, a time to maturity or 20 years, and a coupon rate of 7.20%

5 value: 0.90 points A bond has a par value or

5 value: 0.90 points A bond has a par value or $1,000, a time to maturity or 20 years, and a coupon rate of 7.20% with interest paid annually. If the current market price is $720, what will be the approximate capital gain of this bond over the next year if its yield to maturity remains unchanged? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Capital gain

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