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One year ago, Carson Industries issued a 10-year, $1,000 PAR coupon bond at its PAR...

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Finance

One year ago, Carson Industries issued a 10-year, $1,000 PAR coupon bond at its PAR value. This Bond's annual coupon rate is 13%. Coupons are paid 2 times in a year. The Bond is currently trading at $900. However, this bond can be called in 6 years from today at a price of $1065

What is the capital gains yield on this Bond for the coming year? Enter your answer in the following format: + or - 0.1234 Hint: Answer is between 0.0057 and 0.0068

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