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100,000 MBS traded in the market for 92,500 issued at 6% annual interest with 25 years to maturity and semi annual coupon payment. If MBS

100,000 MBS traded in the market for 92,500 issued at 6% annual interest with 25 years to maturity and semi annual coupon payment. If MBS has 20 years to its maturity, calculate gain or loss?

Please solve it using a financial calculator and provide step by step working to support your answer.

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