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Wee Beastie Animal Farm bonds have 9 years to maturity and pay an annual coupon at the rate of 6.1%. The face value of the bonds is $ 1 comma $1,000. The price of the bonds is $ 1 comma $1,107.00 to yield 4.62%. What is the capital gain yield on the? bonds?
Suppose instead of utilizing tax which is a direct government intervention in the market, the government wants to minimize its intervention and yet reduce the production to
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