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A $ 6 , 0 0 0 bond had a coupon rate of 5 . 7 5 % with interest paid semi - annually. Samantha

A $6,000 bond had a coupon rate of 5.75% with interest paid semi-annually. Samantha
purchased this bond when there were 8 years left to maturity and when the market
interest rate was 6.00% compounded semi-annually. She held the bond for 3 years,
then sold it when the market interest rate was 5.50% compounded semi-annually.
a. What was the purchase price of the bond? b.whata was the selling price of the bond? c. what was samanthas gain or loss on this investment?
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