A $10 000 bond with 5% interest payable quarterly, redeemable at par on November 15, 2030, was

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A $10 000 bond with 5% interest payable quarterly, redeemable at par on November 15, 2030, was bought on July 2, 2014, to yield 9% compounded quarterly. If the bond was sold at 92.75 on September 10, 2020, what was the gain or loss on the sale?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:14 AM

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A $10 000 bond with 5% interest payable quarterly, redeemable at par on November 15, 2030, was

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Face value 10 00000 b 125 Principal 10 00000 i 225 Interest dates are November ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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