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An investor bought a 15-year zero-coupon bond with yield to maturity of 7.88 percent and face value of $1,000. Assume annual compounding. The investor's income
An investor bought a 15-year zero-coupon bond with yield to maturity of 7.88 percent and face value of $1,000. Assume annual compounding. The investor's income tax rate is 37 percent, and the capital gains tax rate is 20 percent. If the investor sells the bond one year after purchasing it for $491.73, how much total tax will he pay?
Group of answer choices
$34.24
$28.17
$63.34
$51.92
$38.53
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