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In 2016, Amila paid $9,000 for a corporate bond with a par value of $10,000 and a coupon rate of 8%. In 2021, after receiving
In 2016, Amila paid $9,000 for a corporate bond with a par value of $10,000 and a coupon rate of 8%. In 2021, after receiving the interest payments for 5 years, Amila sold the bond for $9,800. What are her total tax consequences (including both interest and capital gains) if she is in a 32% marginal tax bracket?
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