Francis purchases a $4,000 bond that has a 30-year term. The bond has a coupon rate of 5.25%, compounded semi-annually and a semi-annual coupon payment of $65. If Francis chooses to sell the bond after 10 years when the current interest rate is 6%, compounded semi-annually, what is Francis' gain or loss? 

Enter a loss as a negative value. Round your answer to 2 decimal places if needed.

Answer rating: 100% (QA)

To calculate Francis gain or loss when selling the bond after 10 years you can follow these steps Ca... View the full answer