Find the gain or loss on the sale without constructing a bond schedule for three $100 000, 5.5% bonds with quarterly coupons redeemable at par on September 1, 2017, bought on May 1, 2011, to yield 6% compounded quarterly. The bonds were sold on January 21, 2014, at 93.5. Loss=; $13258.35 Loss = $14666.26 OGain = $14666.26 OGain = $13258.35

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