0 Question 3 of 4 A $3,000 bond had a coupon rate of 4.80% with interest paid semi-annually. Kenneth purchased this bond when there were 6 years left to maturity and when the market interest rate was 6.60% compounded semi-annually. He held the bond for 3 years, then sold it when the market interest rate was 2.50% compounded semi-annually. a. Calculate the purchase price of the bond. $2,718.29 O $2,031.97 o $704.02 1. SAVE PROGRESS SUBMIT ASS 32 C Question 3 of 4 O $2,735.99 b. Calculate Kenneth's selling price. $2,855.18 $2,784.52 $3,198.24 O $413.71 k SAVE PROGRESS SUBMI DEC 3 W Question 3 of 4 O $3,198.24 o $413.71 c. Calculate his gain or loss on this investment. O-$290.31 $462.25 O $752.55 O $136.89 1 >