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Required information Problem 7-35 (LO 7-1) (Algo) [The following information applies to the questions displayed below] At the beginning of his current tax year, David

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Required information Problem 7-35 (LO 7-1) (Algo) [The following information applies to the questions displayed below] At the beginning of his current tax year, David invests $11,510 in original issue U.S. Treasury bonds with a $10.000 face At the beginning of his current tax year, David invests $11,510 in original issue U.S. Treasury bonds with a value that mature in exactly 10 years. David receives $900 in interest ( $450 every six months) from the Treasury bonds during the current year, and the yleld to maturity on the bonds is 7 percent: Note: Round your intermediate calculations to the nearest whole dollar amount. Problem 7-35 Part-a (Algo) a. How much interest income will he report this year if he elects to amortize the bond premium

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