What is expected capital gains yield for coming year

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One year ago Clark Company issued a 10-year, 13% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 6 years at a price of $1,065, and it now sells for $1,270.

What is the expected capital gains (or loss) yield for the coming year? Round your answer to two decimal places.

Reference no: EM13877961

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