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A $6,000, 7% bond redeemable at par with semi-annual coupons bought eleven years before maturity to yield 9% compounded semi-annually is sold four years before

A

$6,000,

7%

bond redeemable at par with semi-annual coupons bought

eleven

years before maturity to yield

9%

compounded semi-annually is sold

four

years before maturity at

101.375.

Find the gain or loss on the sale of the bond.

The

gain

loss

is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six d

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