Bond capital gain or loss yield


Problem:

Ezzell Enterprises' noncallable bonds currently sell for $899.25. They have a 5-year maturity, semi-annual coupon rate of 12.00%, and a par value of $1000.

Required:

Question: What is the bond's capital gain or loss yield?

Note: Please provide reasons to support your answer.

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Finance Basics: Bond capital gain or loss yield
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