Question: (Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 11) ACME Industries issued a 14-year, 9% semi-annual

(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

11) ACME Industries issued a 14-year, 9% semi-annual coupon bond at its par value of $1,000. Currently, the bond can be called in 5 years at a price of $1,050 and it sells for $1,150. What is the expected capital gains/loss yield for the coming year?

-.87%

-1.51%

-2.78%

-2.03%

-3.45%

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