A $1000-face-value bond has a 6% annual coupon rate, its current price is $960, and...

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Finance

A $1000-face-value bond has a 6% annual coupon rate, its current price is $960, and its price is expected to increase to $990 next year. Calculate the current yield, the expected rate of
capital gain, and the expected rate of return if you hold the bond for 1 year

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