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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

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 gain of $486.10.

B.

a loss of $481.64.

C.

a loss of $486.10.

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