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Davis Inc.'s bonds currently sell for $800 and have a par value of $1,000. They...

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Accounting

Davis Inc.'s bonds currently sell for $800 and have a par value of $1,000. They pay a $60 annual coupon and have a 20-year maturity, but they can be called in 5 years at $1,200.What is their Capital Gain Yield (CGY)?

Select one:

0.42%

0.65%

0.54%

0.60%

6.09%

Answer & Explanation Solved by verified expert
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