Question: On September 2 2 , 2 0 2 3 , Jerry purchases a corporate bond. The bond pays interest each sixth months on June 3

On September 22,2023, Jerry purchases a corporate bond. The bond pays interest each sixth months on June 30 and December 31 of each year. On December 31,2023, Jerry receives an interest payment of $400. The amount of interest Jerry will need to include in gross income is:
None
Exactly $400
More than $400
Less than $400

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