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Ms. Pay who is very rich (37 percent income tax bracket), owns HHL corporate bonds in her investment portfolio. She earned $74,800 interest this year

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Ms. Pay who is very rich (37 percent income tax bracket), owns HHL corporate bonds in her investment portfolio. She earned $74,800 interest this year on her HHL bonds. Compute her after-tax cash flow assuming that the entire $74,800 represented amortization of an Original Issue Discount Bond

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