You buy a zero coupon bond at the beginning of the year that has a face value of $$1,000,$ a YTM of $9$ percent, and $6$ years to maturity. You hold the bond for the entire year. Assume semiannual compounding.

How much interest income will you have to declare on your tax return? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Interest incomeYou buy a zero coupon bond at the beginning of the year that has a face value of $$1,000,$ a YTM of $9$ percent, and $6$ years to maturity. You hold the bond for the entire year. Assume semiannual compounding.

How much interest income will you have to declare on your tax return? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Interest income