Question: You bought a newly issued 1 0 - year, $ 1 , 0 0 0 par value, 5 . 5 0 % coupon bond (
You bought a newly issued year, $ par value, coupon bond with semiannual coupon payments on May You decided to check the value and yields on the bond annually, so that you can keep track of your wealth. Your first check was to be done on May On April the yield to maturity for the bond changed to
For your two year anniversary of owning the bond May calculate the bond's capital gains yield using the new yield to maturity. Report the percentage to two decimal places
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