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You bought 1,000 shares of Tund Corp. stock for $90.03 per share and sold it for $60.59 per share within the same year. How will
You bought 1,000 shares of Tund Corp. stock for $90.03 per share and sold it for $60.59 per share within the same year. How will your gain or loss be treated when you file your taxes? As a capital loss deducted from current taxable income As a capital gain taxed at the current ordinary-income tax rate O As a capital loss taxed at the long-term tax rate As a capital loss deducted from taxable income in the year that the loss is realized Suppose you want to invest $10,000. You have two options: (1) Invest in California municipal bonds with an expected rate of return of 13.00%, or (2) invest in J and K Corp.'s bonds with an expected rate of return of 24.05%. Assume that your decision is based on a tax perspective. If everything else is the same for both bonds, at what tax rate would you be indifferent between these two bonds? O 39.06% 41.36% O 57.44% 45.95% CA
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