ABC Inc issued at par value a 15-year 6% semiannual coupon bond with a par value of $1,000. At the end of 2 years the market interest increases to 7%. One year later, the market interest rate is 8%. If an investor purchases the bond at the end of year 2 and sold it 1 year later, a) what is the price in year 2? b) What is the price in year 3? c) Do you incur loss or gain? d) How much is the capital gain or loss in $?