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Business, 09.07.2019 02:30 marialegarda4211

Hooper printing, inc. has a bond issue outstanding with 14 years left to maturity. the bond issue has a 7% annual coupon rate and a par value of $1,000, but due to changes in interest rates, each bond's value has fallen to $749.04. the capital gains yield earned by investors over the last year was 25.10%. what is the expected current yield for the next year on this bond issue?

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