What is the expected capital gain or loss on the bond

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Reference no: EM13976157

You purchase a 7% annual coupon bond with a 10% yield to maturity (YTM), and a 10 year life. What is the expected capital gain or loss on the bond (as a percent) in the first year? (Enter your answer as a decimal, 8.91% would be .0891.)

Reference no: EM13976157

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