What will be the approximate capital gain of the bond over

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Reference no: EM133392262

Question: a bond has a par value of 1000 a time to maturity of 20 years, and the rate of 7.40% with interest paid annually. If the current market price is $740, what will be the approximate capital gain of the bond over the next year it its yield to maturity remains unchanged?

Reference no: EM133392262

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