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You buy a zero coupon bond at the beginning of the year that has a face value of $1,000, a YTM of 11 percent, and
You buy a zero coupon bond at the beginning of the year that has a face value of $1,000, a YTM of 11 percent, and 23 years to maturity. You hold the bond for the entire year. |
How much interest income will you have to declare on your tax return? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Implied interest | $ |
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