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Hootie purchased a $ 3 , 0 0 0 bond for $ 2 , 1 1 5 when it was issued three years ago. They

Hootie purchased a $3,000 bond for $2,115 when it was issued three years ago. They amortized $300 of the original issue discount and then sold the bond for $2,700. Which of the following statemen
is correct?
a. None of the choices presented are correct.
b. Hootie has $285 of long-term capital loss.
c. Hootie has $285 of long-term capital gains.
d. Hootie has $15 of long-term capital loss.
e. Hootie has no capital gain or loss.
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