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A $10,000, 5% bond redeemable at par with semi-annual coupons bought ten years before maturity to yield 8% compounded semi-annually is sold four years before

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A $10,000, 5% bond redeemable at par with semi-annual coupons bought ten years before maturity to yield 8% compounded semi-annually is sold four years before maturity at 101.375. Find the gain or loss on the sale of the bond. Theis S Rou swer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) loss gain

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