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Jean-Luc buys a STRIP with a face value of $1,000 a 7.6% yield and 8 years until maturity. He has a marginal tax rate of

Jean-Luc buys a STRIP with a face value of $1,000 a 7.6% yield and 8 years until maturity. He has a marginal tax rate of 0.29%. What is his expected tax liability at the end of year 4?

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