Katie paid
$9500
for a Ginnie Mae bond with a par value of
$10000
and a coupon rate of
7.5
%.
Two years later, after having received the annual interest payments on the bond, Katie sold the bond for
$10 006
.
What are her total tax consequences if she is in a
35
%
marginal tax bracket?
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
