Question: Wojtek purchased a $ 1 0 , 0 0 0 face value strip bond on a date when it had 1 4 years left until
Wojtek purchased a $ face value strip bond on a date when it had years left until maturity. The purchase price was based on a market yield of compounded semiannually. He sold the bond years later when the market yield was compounded semiannually. What was Wojteks total gain on the investment? Do not round the intermediate calculations. Round your answer to two decimal places.
Gain $
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