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You buy a 9-year $1,000 par value 4.70% annual-payment coupon bond priced to yield 6.70%. You do not sell the bond at year-end. If you

You buy a 9-year $1,000 par value 4.70% annual-payment coupon bond priced to yield 6.70%. You do not sell the bond at year-end. If you are in a 15% tax bracket, at year-end you will owe taxes on this investment equal to _______.

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