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How much was capital gain or loss

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Problem 1: Just Flowers Inc. issued at par value a 20-year 9% semi-annual coupon bond, face value $1,000. At the end of 2 years the market yield decreased to 7.5%. One year later, the market yield was 8%. If you purchased the bond at the end of Year 2 and sold it one year later, how much was your capital gain or loss? (Show your answers to 2 decimal spaces)

Reference no: EM132791367

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