Question: A $5000 bond with 8% interest payable semi-annually redeemable at par on June 1, 2027, was bought on December 1, 2013, to yield 9% compounded

A $5000 bond with 8% interest payable semi-annually redeemable at par on June 1, 2027, was bought on December 1, 2013, to yield 9% compounded semi-annually. The bond was sold on September 22, 2017, at 101.375.
Find the gain or loss on the sale of the bonds without constructing a bond schedule.

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