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
Posted: Mon Jul 11, 2022 12:50 pm
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.