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A bond is issued for $100,000 on July 1, 2019 with a 3% coupon and a maturity date of June 30, 2029. On July 1

  1. A bond is issued for $100,000 on July 1, 2019 with a 3% coupon and a maturity date of June 30, 2029. On July 1 2024, T buys $10,000 face amount of these bonds for $9,600. On July 1, 2026 T sells the bonds. How much capital gain if any does A recognize on the sale if the bonds were sold for:
    1. $9,700
    2. $9,800

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