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  3. a bond has a par value of $1,000, a time to maturi

A bond has a par value of $1,000, a time to maturity of 15 years,...

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A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 7% with annual coupon payment. If the current market price for the bond is $700, what is the promised capital gain yield of this bond over a one-year period starting from today

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