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A $64000, 10% bond redeemable at 108 with semi-annual coupons bought nine years before maturity to yield 5 % compounded semi-annually is sold four years
A $64000, 10% bond redeemable at 108 with semi-annual coupons bought nine years before maturity to yield 5 % 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 $-------- . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Enter your answer in the answer box.
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