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A $96,000, 7% bond redeemable at 102 with semi-annual coupons bought nine years before maturity to yield 6% compounded semi-annually is sold four years before

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A $96,000, 7% bond redeemable at 102 with semi-annual coupons bought nine years before maturity to yield 6% compounded semi-annually is sold four years before maturity at 103.625. Find the gain or loss on the sale of the bond The ts (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

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