Find the Gain or Loss on the Sale Without Constructing

question 44

Multiple Choice

Find the gain or loss on the sale without constructing a bond schedule for six $3500, 3.5% bonds with interest payable semi-annually redeemable at par bought twenty-one years before maturity to yield 5.5% compounded semi-annually. The bonds were sold three years later at 102.

• A) $5180.68 Gain
• B) $5180.68 Loss
• C) $5612.65 Gain
• D) $5612.65 Loss
• E) $5153.98 Loss

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Definitions:

Perceived Risk

An individual's assessment of how likely they believe they are to be harmed by a hazard.

Alcoholic Beverages

Drinks containing ethanol, commonly known as alcohol, consumed for recreational and social purposes.

Saturated Fats

Fats that are solid at room temperature, commonly found in animal products and some plant oils, and associated with increased risk of heart disease.

Genetic Risk Factors

Heritable traits that increase an individual's likelihood of developing a disease or condition.