Bonnie paid

$9000

for corporate bonds that have a par value of

$10000

and a coupon rate of

8.4

%,

payable annually. Bonnie received her first interest payment after holding the bonds for 11 months and immediately sold the bonds for

$9121

.

If Bonnie is in a

33

%

marginal tax bracket for federal income tax purposes, what are the tax consequences of her ownership and sale of the bonds?