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 $10,000 face value strip bond on a date when it had 14 years left until maturity. The purchase price was based on a market yield of 6.2% compounded semiannually. He sold the bond 4(1)/(2) years later when the market yield was 5.2% 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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