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  3. a bond offers a coupon rate of 11%, paid annually,

A bond offers a coupon rate of 11%, paid annually, and has a maturity of...

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Finance

A bond offers a coupon rate of 11%, paid annually, and has a maturity of 10 years. The current market yield is 9%. If market conditions remain unchanged, what should be the Capital Gains Yield of the bond?

Enter your answer as a percentage, without the percentage sign ('%'), and rounded to 2 decimals. Use the minus sign ('-') if the yield is negative.

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