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!!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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!