What are total tax consequences

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Katie paid ?$9,600 for a Ginnie Mae bond with a par value of? $10,000 and a coupon rate of 6.2?%. Two years? later, after having received the annual interest payments on the? bond, Katie sold the bond for $9,887. What are her total tax consequences if she is in a 35?% marginal tax? bracket?

Reference no: EM131945376

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