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You buy a 5-year zero coupon bond for $600 today. Two years from now, the yield to maturity is 8% and you sell the bond.

You buy a 5-year zero coupon bond for $600 today. Two years from now, the yield to maturity is 8% and you sell the bond. Answer the following question based on this information. The capital gain or loss is:

a. None of the above

b. Loss of $57.88

c. Gain of $57.88

d. Gain of $193.83

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