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You want to purchase bonds with the total face value of $600,000 at the beginning of the 2023 fiscal year and hold them for several
You want to purchase bonds with the total face value of $600,000 at the beginning of the 2023 fiscal year and hold them for several years. These bonds pay 6% coupon. Your marginal tax on interest income and capital gains is 30%, and your effective marginal tax rate on dividend income is 18%. Given this information, what is your best estimate for the realized after-tax income at the end of the 2023 fiscal year? $30,800$21,000$33,600$25,200$29,400
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