CH16.2 Tax Consequences. Kamila paid $9,600 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of 8.5 percent. Two years later, after having received the annual interest payments on the bond, Kamila sold the bond for $9,900. What are her total tax consequences if she is in a 25 percent marginal tax bracket? (Hint: Interest: Ordinary income tax & Capital gain: Long-term tax)