Ezzell Enterprises' noncallable bonds currently sell for $1, XXXXXXXXXXThey 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...

Ezzell Enterprises' noncallable bonds currently sell for $1,154.25. 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.

A. 8.18%

B. –2.08%

C. –2.22%

D. 6.13%

E. 10.40%