Instructions	Do not do interim rounding, calculate values to at least 4 decimal places, 6 in the case of percentages as decimals. For multiple-choice questions choose the best answer.

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 $43,000 QuadraTech bonds he purchased 3 years ago at par value. The bonds have a 2.80% coupon, 9 years to maturity, and are trading at a 2.45% yield to maturity. If Seamus sells the bonds today, his proceeds from the sale would result in:

	A.	a gain of $1,208.96.
	B.	a loss of $1,202.45.
	C.	a loss of $1,190.00.