A $8,000 bond had a coupon rate of 5.50% with interest paid semi-annually. Cassandra purchased this bond when there were 7 years left to maturity and when the market interest rate was 5.75% compounded semi-annually. He held the bond for 4 years, then sold it when the market interest rate was 5.25\% compounded semi-annually. a. What was the purchase price of the bond? Round to the nearest cent. b. What was the selling price of the bond? a Round to the nearest cent. Round to the nearest cent. c. What was Cassandra's gain or loss on this investment? amount was $ . Round to the nearest cent. c. What was Cassandra's gain or loss on this investment? amount was $ Loss