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QUESTION
Farm bonds have 7 years to maturity and pay an annual coupon at the rate of 6. the face value of the bond is $1000. the price of the bond is $1096.70...
Farm bonds have 7 years to maturity and pay an annual coupon at the rate of 6.3%. the face value of the bond is $1000. the price of the bond is $1096.70 to yield 4.65%. What is the capital gain yield on the bond?
