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HCP issues $1000 par, 6-year zero-coupon bonds with a yield of 9%. a. For how much will the bonds sell? b. What is the accrued
HCP issues $1000 par, 6-year zero-coupon bonds with a yield of 9%. a. For how much will the bonds sell? b. What is the accrued interest on the bonds for years 1-6? c. Assuming that you are in the 28% tax bracket and hold the bonds until maturity, how much tax will you pay for each of the next 6 years? d. How would your answer to part c change if you purchased the bonds in your 401-k
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