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An investor buys a 10 -year, zero-coupon bond with face value of $1,000 for $527.75. One year later, the investor sells the bond for $734.00.

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An investor buys a 10 -year, zero-coupon bond with face value of $1,000 for $527.75. One year later, the investor sells the bond for $734.00. Calculate the total tax the investor will pay if his marginal income tax rate is 32 percent and the capital gains tax rate is 20 percent. Assume annual compounding. $66 $41 $59 $53 $47

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