Question: DCE Inc. has a bond issue outstanding with 15 years left to maturity. The bond issue has a 6% annual coupon rate and a par

DCE Inc. has a bond issue outstanding with 15 years left to maturity. The bond issue has a 6% annual coupon rate and a par value of $1,000, but due to changes in interest rates, each bond's value has risen to $1,150.00. Assuming interest rates do not change, what would be an investors capital gains yield be if they purchased this bond today and sold it next year?

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