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David Bowie bonds pay their coupons from royalties generated by sales of David Bowie's past...

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Question

Accounting

David Bowie bonds pay their coupons from royalties generated by sales of David Bowie's past recordings. The bonds have

11 years remaining to maturity, pay annual coupons (yesterday) of $90,

and have a face value of $1,000. The current price of the bonds is

$772.52 to yield 13%.

What is the capital gain percentage increase for the coming year if the yield to maturity remains constant?

The capital gain percentage increase for the coming year is

_____%.

(Round to two decimal places.)

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