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A bond has a par value of $1,000, a time to maturity of 20 years, and...

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Finance

A bond has a par value of $1,000, a time to maturity of 20years, and a coupon rate of 7.10% with interest paid annually. Ifthe current market price is $710, what will be the approximatecapital gain of this bond over the next year if its yield tomaturity remains unchanged? (Do not round intermediatecalculations. Round your answer to 2 decimal places.) Capitalgain

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A bond has a par value of $1,000, a time to maturity of 20years, and a coupon rate of 7.10% with interest paid annually. Ifthe current market price is $710, what will be the approximatecapital gain of this bond over the next year if its yield tomaturity remains unchanged? (Do not round intermediatecalculations. Round your answer to 2 decimal places.) Capitalgain

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