[Solved] Six $2,000, 5% bonds redeemable at 108 wi

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Six $2,000, 5% bonds redeemable at 108 with semi-annual coupons bought nine years before maturity to yield 10% compounded semi-annually are sold four years before

Six $2,000, 5% bonds redeemable at 108 with semi-annual coupons bought nine years before maturity to yield

10% compounded semi-annually are sold four years before maturity at 93.625.

Find the gain or loss on the sale of the bonds.

The Gain or loss is$?

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