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A $10 000, 8% bond redeemable at par with semi-annual coupons was purchased15 years before maturity to yield 6% compounded semi-annually. The bond was sold

A $10 000, 8% bond redeemable at par with semi-annual coupons was purchased15 years before maturity to yield 6% compounded semi-annually. The bond was sold 3 years later at 101.25. Find the gain o...

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