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A $ 8 , 3 0 0 bond had a coupon rate of 5 . 6 8 % with interest paid semi - annually. Brendan
A $ bond had a coupon rate of with interest paid semiannually. Brendan purchased this bond when there were years left to maturity and when the market interest rate was compounded semiannually. He held the bond for years, then sold it when the market interest rate was compounded semiannually.
What was the purchase price of the bond? Enter your answer in blank#Round your answer to decimal places and include the $ sign. Enter your answer in the form $
What was the selling price of the bond? Enter your answer in blank #Round your answer to decimal places and include the $ sign. Enter your answer in the form $
Was there a gain or a loss on this investment? Enter "gain" or "loss" in blank #
What was the amount of the gain or loss on this investment? Enter your answer in blank #Round your answer to decimal places and include the $ sign. Enter your answer in the form $
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