Question: need all the steps how to get to the answer given THANKS!! 4. Nine $5,000, 6.8% bonds with semi-annually coupons redeemable at par on September
need all the steps
how to get to the answer given THANKS!!
4. Nine $5,000, 6.8% bonds with semi-annually coupons redeemable at par on September 27, 2015, were bought on May 12, 2005, to yield 7.2% compounded semi-annually. The bonds were sold on December 09, 2009, at 96.65. Find the gain or loss on the sale of the bonds without constructing a bond schedule. The (1) on the sale is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (1) gain loss Answers (1) loss 666.65 4. Nine $5,000, 6.8% bonds with semi-annually coupons redeemable at par on September 27, 2015, were bought on May 12, 2005, to yield 7.2% compounded semi-annually. The bonds were sold on December 09, 2009, at 96.65. Find the gain or loss on the sale of the bonds without constructing a bond schedule. The (1) on the sale is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (1) gain loss Answers (1) loss 666.65
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