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A $ 2 , 5 0 0 bond had a coupon rate of 6 . 5 0 % with interest paid semi - annually. Cody
A $ bond had a coupon rate of with interest paid semiannually. Cody purchased this bond when there were years left to maturity and when the market interest rate was compounded semiannually. He held the bond for years, then sold it when the market interest rate was compounded semiannually.
Calculate his gain or loss on this investment.
a
$
b
$
c
$
d
$
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