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Find the gain or loss on the sale of the following bond without constructing a bond schedule. a $5000 bond with 8% interest payable semi
Find the gain or loss on the sale of the following bond without constructing a bond schedule.
a $5000 bond with 8% interest payable semi annually redeemable at par on June 1, 2027 was bought on December 1, 2013 to yield 9% compounded semiannually. The bond was sold on September 22, 2017 at 101.375
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