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Tax Consequences.Katie paid $9,000 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of 7.3%. Two years later, after
Tax Consequences.Katie paid
$9,000
for a Ginnie Mae bond with a par value of
$10,000
and a coupon rate of
7.3%.
Two years later, after having received the annual interest payments on the bond, Katie sold the bond for
$9,084.
What are her total tax consequences if she is in a
33%
marginal tax bracket?
Katie's total tax consequences are
$nothing.
(Round to the nearest dollar.)
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