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Planning #4 (similar to): Tax Consequenc Question Help Tax Consequences. Katie paid $9.400 for a Ginnie Mae bond with a par value of $10,000 and
Planning #4 (similar to): Tax Consequenc Question Help Tax Consequences. Katie paid $9.400 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of 6.7%. Two years later, after having received the annual interest payments on the bond, Katie sold the bond for $9,823. What are her total tax consequences if she is in a 35% marginal tax bracket? Katie's total tax consequences are $ (Round to the nearest dollar.)
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