Give typing answer with explanation and conclusion  A bond offers a coupon rate of 12%, paid annually, and has a maturity of 19 years. The current market yield is 13%. Face value is $1,000. If market conditions remain unchanged, what should be the Capital Gains Yield of the bond?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
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Give typing answer with explanation and conclusion 

A bond offers a coupon rate of 12%, paid annually, and has a maturity of 19 years. The current market yield is 13%. Face value is $1,000. If market conditions remain unchanged, what should be the Capital Gains Yield of the bond?

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