Question: On Jan. 1 , 2 0 2 3 , an investor purchases the following bond, when the market rate of interest is 8 % :

On Jan. 1,2023, an investor purchases the following bond, when the market rate of interest is 8%: $100,00010-year bond at 6%.If the investor above were to sell the bond on Dec. 31,2023, the investor would havea. A gainb. A lossc. Neither a gain nor a lossd. Could be a gain or a loss

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