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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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