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Nikki paid $9,500 for bonds that have a par value of $10,000 and a coupon rate of 8 percent, payable semi-annually. Nikki received her first

Nikki paid $9,500 for bonds that have a par value of $10,000 and a coupon rate of 8 percent, payable semi-annually. Nikki received her first two interest payments after holding the bonds for 13 months and then sold the bonds for $9,800. If Nikki is in a 28 % tax bracket, what are the tax consequences of her ownership and sale of the bonds?

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