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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 $30,000

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 $30,000 QuadraTech bonds he purchased 3 years ago at par value. The bonds have a 4.5% coupon, 7 years to maturity, and are trading at a 4.95% yield to maturity. If Seamus sells the bonds today, his proceeds from the sale would result in:

A.

a loss of $790.50.

B.

a loss of $782.58.

C.

a gain of $902.98.

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