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Tax Consequences. Bonne paid $9,600 for corporate bonds that have a par value of $10,000 and a coupon rate of 10.5%. payablo annually. Bonnie received

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Tax Consequences. Bonne paid $9,600 for corporate bonds that have a par value of $10,000 and a coupon rate of 10.5%. payablo annually. Bonnie received her first interest payment after holding the bonds for 11 months and immediately sold the bonds for $9,761, If Bonnie is in a 33% marginal tax bracket for federal income tax purposes, what are the tax consequences of her ownership and sale of the bonds? (Hint Assume that there are no state income taxes.) The tax on the sale of the bond is sm) (Round to the nearest cont.)

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