Consider change in price only, do not assume any accrued interest in either the purchase or the sale.

Seamus O'Leary wants to sell the $38,000 QuadraTech bonds he purchased 3 years ago at par value. The bonds have a 3.75% coupon, 4 years to maturity, and are trading at a 4.10% yield to maturity. If Seamus sells the bonds today, his proceeds from the sale would result in:

	A.	a loss of $486.10.
	B.	a loss of $481.64.
	C.	a gain of $486.10.