Question: Seven ( $ 1 0 , 0 0 0 , 5 . 8 % ) bonds with semi - annually coupons

Seven \(\$ 10,000,5.8\%\) bonds with semi-annually coupons redeemable at par on March 25,2023, were bought on February 11,2005, to yield \(5.5\%\) compounded semi-annually. The bonds were sold on December 02,2014, at 94.75. Find the gain or loss on the sale of the bonds without constructing a bond schedule.
Seven \ ( \ $ 1 0 , 0 0 0 , 5 . 8 \ % \ ) bonds

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