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glifford holdings purchased a 20year, 100,000 bond with a coupon rate of 3.85% pyable semiannually. on date of the purchase, the bond had 14years remaining

glifford holdings purchased a 20year, 100,000 bond with a coupon rate of 3.85% pyable semiannually. on date of the purchase, the bond had 14years remaining until maturity and the lrevailing interest rate was 4.05% compounded semiannually what was the capital gain or loss on ghe bond investment

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