Tax consequences of her ownership and sale of bonds

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Reference no: EM131945375

Bonnie paid $9,400 in corporate bonds that have a par value of $10,000 and a coupon rate of 7.6%, payable annually. Bonnie received her first interest payment after holding the bonds for 11 months and immediately sold the bonds for $9,645. If Bonnie is in a 33% marginal tax bracket for federal income tax? purposes, what are the tax consequences of her ownership and sale of the? bonds?

?(Hint?: Assume that there are no state income? taxes.)

Reference no: EM131945375

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