Question: Return to question 10 7 points A newly issued 10-year maturity, 8% coupon bond making annual coupon payments is sold to the public at

Return to question 10 7 points A newly issued 10-year maturity, 8%

Return to question 10 7 points A newly issued 10-year maturity, 8% coupon bond making annual coupon payments is sold to the public at a price of $960. What will be an investor's taxable income from the bond over the coming year? The bond will not be sold at the end of the year. The bond is treated as an original issue discount bond. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Answer is complete but not entirely correct. Taxable income $ 76.80

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