What did he sell the bond for and what was his gain or loss

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Reference no: EM131819520

Joe purchases a bond with a 3.5% coupon when it has a current yield of 2.8%. He holds the bond for several months and then sells it when the current yield is 3.1%. What did Joe pay for the bond, what did he sell the bond for and what was his gain or loss?

Reference no: EM131819520

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