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

 

A $5,000, 8% bond redeemable at par with semi-annual coupons bought twelve years before maturity to yield 5% compounded semi-annually is sold three years before maturity at 99.5. Find the gain or loss on the sale of the bond. The is $

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