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In 2017, Amila paid $9,000 for a corporate bond with a par value of $10,000 and a coupon rate of 7%. In 2020, after receiving
In 2017, Amila paid $9,000 for a corporate bond with a par value of $10,000 and a coupon rate of 7%. In 2020, after receiving the interest payments for 3years, Amila sold the bond for $9,900. What are her total tax consequences (including both interest and capital gains) if she is in a 24% marginal tax bracket?
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