Four and one-half years ago, Glenda purchased fifteen $1000 bonds in a Province of New Brunswick issue

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Four and one-half years ago, Glenda purchased fifteen $1000 bonds in a Province of New Brunswick issue carrying an 8.5% coupon and priced to yield 9.8% (compounded semiannually). The bonds then had 18 years remaining until maturity. The bond market now requires a yield to maturity on the bonds of 8.0% com- pounded semiannually. If Glenda sells the bonds today, what will be the dollar amount of her capital gain or loss?
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