Listen A $10,000, 10% coupon (2), bond had 18 years until maturity when Carole purchased it. Her purchase price was base

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Listen A 10 000 10 Coupon 2 Bond Had 18 Years Until Maturity When Carole Purchased It Her Purchase Price Was Base 1 (14.77 KiB) Viewed 56 times

Listen A $10,000, 10% coupon (2), bond had 18 years until maturity when Carole purchased it. Her purchase price was based upon a yield rate of 12-9% to maturity. She then sold the bond 4 years later to yield the new purchaser 12-8% to maturity. What was Carole's capital gain or loss (dollars and cents)? Your Answer: Answer