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chapter 16 Q19 help Tax Consequences. Katie paid $9,300 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of
chapter 16 Q19
Tax Consequences. Katie paid $9,300 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of 7.2%. Two years later, after having received the annual interest payments on the bond, Katie sold the bond for $9,572. What are her total tax consequences if she is in a 35% marginal tax bracket? Katie's total tax consequences are $ (Round to the nearest dollar.) help
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