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What is the dollar amount of the tax

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Assume that you just purchased a zero coupon bond with a yield to maturity of 9 percent. The bond matures in 12 years, and has a face value of $1,000. Your tax rate is 25 percent. What is the dollar amount of the tax that you will pay on the bond at the end of the first year of holding the bond?

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Finance Basics: What is the dollar amount of the tax

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