Question: ezzell enterprises noncallable bonds currently sell for 119625 they have...
Ezzell Enterprises' noncallable bonds currently sell for
$1,196.25. They have a 5-year maturity, semi-annual coupon rate of
12.00%, and a par value of $1000. What is the bond's capital gain
or loss yield?
Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.