Given the following bond information:
Issuer coupon maturity price yield
Ontario 3.150 coupon, 2022-Jun-02 maturity, 99.00 quote, 3.28 YTM

What would be the taxable income on this bond if it were purchased at this price on June 1st and sold December 1st for a price of 103.00 and has face value of $20 000 and a semi-annual coupon payment?

Answer rating: 100% (QA)

To calculate the taxable income on this bond youll need to consider the interest income from the cou... View the full answer