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David Bowie bonds pay their coupons from royalties generated by sales of David Bowie's past recordings. The bonds have
11 years remaining to maturity, pay annual coupons (yesterday) of $90,
and have a face value of $1,000. The current price of the bonds is
$772.52 to yield 13%.
What is the capital gain percentage increase for the coming year if the yield to maturity remains constant?
The capital gain percentage increase for the coming year is
_____%.
(Round to two decimal places.)
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