Suppose that you purchased a A rated $5,000 annual coupon bond with an 6.1% coupon rate and a 8-year maturity at par value. The current rate on 8-year US treasuries is 3%. Two years later, you sell the bond, and for a yield of 4.787%, what was your capital gain (+) or capital loss (-) in dollars and cents? (make your answer positive for a gain, negative for a loss)
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