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A $7,000 bond had a coupon rate of 5.50% with interest paid semi-annually. Evan purchased this bond when there were 8 years left to maturity

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A $7,000 bond had a coupon rate of 5.50% with interest paid semi-annually. Evan purchased this bond when there were 8 years left to maturity and when the market interest rate was 5.75% compounded semi-annually. He held the bond for 3 years, then sold it when the market interest rate was 5.25% compounded semi-annually. a. What was the purchase price of the bond? $0.00 Round to the nearest cent. b. What was the selling price of the bond? $0.00 Round to the nearest cent. c. What was Evan's gain or loss on this investment? Jamount was $ $0.00 (click to select) Gain Loss Submit Acolle

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