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Ms. Pay, who has a 40.8 percent marginal tax rate on interest income ( 37 percent income tax +3.8 percent Medicare contribution tax) owns HHL

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Ms. Pay, who has a 40.8 percent marginal tax rate on interest income ( 37 percent income tax +3.8 percent Medicare contribution tax) owns HHL corporate bonds in her investment portfollo. She earned $89,400 interest this year on her HHL bonds. Required: a. Compute her after-tax cash flow assuming that she received two semiannual cash payments of $44,700 each. b. Compute her after-tax cash flow assuming that she instructed HHL to reinvest her interest payments in additional bonds. c. Compute her after-tax cash flow assuming that the entire $89,400 represented amortization of OID. Answer is not complete. Complete this question by entering your answers in the tabs below. Compute her after-tax cash flow assuming that she received two semiannual cash payments of $44,700 each. Note: Negative after-tax cash flows should be indicated by a minus sign. Round your intermediate calcuiations and final answer to the nearest whole dollar amount

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