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  3. a 20-year, $1,000 par value bond has a 7.50% coupo

A 20-year, $1,000 par value bond has a 7.50% coupon rate with interest paid semiannually. The...

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Finance

A 20-year, $1,000 par value bond has a 7.50% coupon rate withinterest paid semiannually. The bond currently sells for $800. Whatis the capital gains yield on these bonds? Enter your answerrounded to two decimal places. Do not enter % in the answer box.For example, if your answer is 0.12345 or 12.345% then enter as12.35 in the answer box.

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A 20-year, $1,000 par value bond has a 7.50% coupon rate withinterest paid semiannually. The bond currently sells for $800. Whatis the capital gains yield on these bonds? Enter your answerrounded to two decimal places. Do not enter % in the answer box.For example, if your answer is 0.12345 or 12.345% then enter as12.35 in the answer box.

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