Question: Wojtek purchased a $10,000 face value strip bond on a date when it had 14 years left until maturity. The purchase price was based on

Wojtek purchased a $10,000 face value strip bond on a date when it had 14 years left until maturity. The purchase price was based on a market yield of 6.2% compounded semiannually. He sold the bond 4 1/2 years later when the market yield was 5.2% 2 compounded semiannually. What was Wojtek’s total gain on the investment? (Taken from CIFP course materials.)

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