A $125,000 Province of Ontario 50-year bond issued on March 1, 1995, carries at 9.5% coupon. Amy purchased the bond on S

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answerhappygod
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A $125,000 Province of Ontario 50-year bond issued on March 1, 1995, carries at 9.5% coupon. Amy purchased the bond on S

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A $125,000 Province of Ontario 50-year bond issued on March 1,1995, carries at 9.5% coupon. Amy purchased the bond on September 11999, at a market rate of 5.91% and later sold the bond onSeptember 30, 2008, when posted rates were 6.13% Based solely onthe market price, determine the gain or loss that Amyexperienced.
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