A $7,500 bond had a coupon rate of 5.50% with interest paid semi-annually. Jennifer purchased this...

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A $7,500 bond had a coupon rate of 5.50% with interest paid semi-annually. Jennifer purchased this bond when there were 7 years left to maturity and when the market interest rate was 5.75% compounded semi-annually. She held the bond for 2 years, then sold it when the market interest rate was 5.25% compounded semi-annually. a. What was the purchase price of the bond? $358.39 Round to the nearest cent. b. What was the selling price of the bond? $465.70 Round to the nearest cent. c. What was Jennifer's gain or loss on this investment? A $7,500 bond had a coupon rate of 5.50% with interest paid semi-annually. Jennifer purchased this bond when there were 7 years left to maturity and when the market interest rate was 5.75% compounded semi-annually. She held the bond for 2 years, then sold it when the market interest rate was 5.25% compounded semi-annually. a. What was the purchase price of the bond? $358.39 Round to the nearest cent. b. What was the selling price of the bond? $465.70 Round to the nearest cent. c. What was Jennifer's gain or loss on this investment?