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An investor bought a $9,000 bond with a coupon rate of 5.4% compounded semi-annually. At the time of purchase, the bond had a yield rate
An investor bought a $9,000 bond with a coupon rate of 5.4% compounded semi-annually. At the time of purchase, the bond had a yield rate of 4.8% and nine years until maturity. Four years later, the investor sold the bond when the yield to maturity was 5.8%.
a. At what price did the investor purchase the bond?
Round to the nearest cent
b. At what price did the investor sell the bond?
Round to the nearest cent
c. What was the investor's capital gain or loss on the investment?
(click to select) Gain / Loss
Round to the nearest cent
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