Suppose that today four years later comparable bonds are


Suppose that you invested in a twenty-year zero coupon bond with a face value of $1000. The bond originally cost $543. It is now 4 years later.

Suppose that today (four years later) comparable bonds are yielding 4.5%, if you sold the bond today, would you have a capital gain or loss?

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Financial Management: Suppose that today four years later comparable bonds are
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