Bond over next year if yield to maturity remains unchanged

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Reference no: EM131352302

A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 9.00% with interest paid annually. if the current market price is $900, What will be the approximate capital gain of this bond over the next year if its yield to maturity remains unchanged.

Reference no: EM131352302

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