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At the beginning of his current tax year, David invests $11,510 in original issue U.S. Treasury bonds with a $10,000 face value that mature in

At the beginning of his current tax year, David invests $11,510 in original issue U.S. Treasury bonds with a $10,000 face value that mature in exactly 10 years. David receives $900 in interest ($450 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 7 percent.

Note: Round your intermediate calculations to the nearest whole dollar amount.

b. How much interest will he report this year if he does not elect to amortize the bond premium?

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Required information [The following information applies to the questions displayed below.] At the beginning of his current tax year, David invests $11,510 in original issue U.S. Treasury bonds with a $10,000 face value that mature in exactly 10 years. David receives $900 in interest ( $450 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 7 percent. Note: Round your intermediate calculations to the nearest whole dollar amount. b. How much interest will he report this year if he does not elect to amortize the bond premium

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