Capital gain percentage increase for the coming year

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David Bowie bonds pay their coupons from royalties generated by sales of David? Bowie's past recordings. The bonds have 12 years remaining to? maturity, pay annual coupons? (yesterday) of ?$80?, and have a face value of ?$1,000. The current price of the bonds is ?$704.12 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.)

Reference no: EM131984802

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