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Suppose that you purchased a A rated $5,000 annual coupon bond with an 5.6% coupon rate and a 7-year maturity at par value. The current

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Suppose that you purchased a A rated $5,000 annual coupon bond with an 5.6% coupon rate and a 7-year maturity at par value. The current rate on 7-year US treasuries is 3%. Two years later, you sell the bond, and for a yield of 8.589%, what was your capital gain (+) or capital loss (-) in dollars and cents? (make your answer positive for a gain, negative for a loss)

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