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Allison purchases an XYZ bond in the market for $905 on January 1 of year 1. the annual coupon rate is 6% paid semi annually
Allison purchases an XYZ bond in the market for $905 on January 1 of year 1. the annual coupon rate is 6% paid semi annually and the yield to maturity is 7.3586% assuming the bond matures Dec 15 of year 1 what is her ordinary income?
73.59
60.00
54.30
155.00
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