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(35 Points) Last year suppose that you bought a 6% coupon bond paying interest annually, maturing in 9 years at a time when interest rate

(35 Points) Last year suppose that you bought a 6% coupon bond paying interest annually, maturing in 9 years at a time when interest rate is 7%. Now one year later, interest rate is 4%, and you are selling this bond. What is your total dollar gain/loss on this transaction? Suppose, face value of this bond is $100.

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