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Business, 27.04.2021 15:30 341404143

At the beginning of his current tax year, David invests $13,410 in original issue U. S. Treasury bonds with a $10,000 face value that mature in exactly 25 years. David receives $540 in interest ($270 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 3.4 percent. (Round your intermediate calculations to the nearest whole dollar amount.) a. How much interest income will he report this year if he elects to amortize the bond premium

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At the beginning of his current tax year, David invests $13,410 in original issue U. S. Treasury bon...
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