What are her total tax consequences

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Reference no: EM131301419

Tax Consequences.

Katie paid $9,400 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of 6.5%. Two years later, after having received the annual interest payments on the bond, Katie sold the bond for $9,700. What are her total tax consequences if she is in a 25% marginal tax bracket?

Reference no: EM131301419

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