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A $76,000, 7% bond redeemable at 107 with semi-annual coupons bought ten years before maturity to yield 9% compounded semi-annually is sold four years before
A $76,000, 7% bond redeemable at 107 with semi-annual coupons bought ten years before maturity to yield 9% compounded semi-annually is sold four years before maturity at 103.625. Find the gain or loss on the sale of the bond. The v is $ (Rou iswer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) gain loss
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