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Raymond paid $9,250 to invest a Royal Banks bond that have a par value of $10,000 and a couple rate 4.5% payable quarterly. Raymond just
Raymond paid $9,250 to invest a Royal Banks bond that have a par value of $10,000 and a couple rate 4.5% payable quarterly. Raymond just received his two quarterly interest payment, and after holding the bonds for two quarters then immediately sold the bonds in the market for $9,855. If Raymond is in a 37.50% marginal tax bracket for income tax purposes, how much income taxes that Raymond has to pay by buying and selling his Royal Banks bonds?
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