Question: Katie paid 9 400 for a Ginnie Mae bond with
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?
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