Two years ago on August 31st, Wojtek purchased a strip bond with a bond equivalent yield of 7.12315%. The bond matures on June 30th in seven years at a value of $75,000. If Wojtek sells the bond on August 31st of this year for $51,035.49, what is his capital gain? Note:-

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Two years ago on August 31st, Wojtek purchased a strip bond with a bond equivalent yield of 7.12315%. The bond matures on June 30th in seven years at a value of $75,000. If Wojtek sells the bond on August 31st of this year for $51,035.49, what is his capital gain?

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