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Except for tax-exempt bonds, selling a bond you had more than a year at a higher price than you paid for it: (Select the best

Except for tax-exempt bonds, selling a bond you had more than a year at a higher price than you paid for it: (Select the best answer below.) A. results in a capital gain taxed as ordinary income. B. creates no tax liability. C. results in a capital gain taxed according to the marginal tax rate. D. creates an indeterminate tax liability.

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