Three 91% Annuity Bond of $15 000 with Interest Payable Quarterly

Three 9.1% annuity bond of $15 000 with interest payable quarterly are to be redeemable at par in seventeen years with a yield 7.1% compounded quarterly. What is the gain or loss if the bond is sold six years after the date of purchase at 102?

A) $5931.18 Gain
B) $5931.18 Loss
C) $6831.18 Gain
D) $6831.18 Loss
E) $5815.32 Loss

Correct Answer:

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