You purchase a 6 percent 10000 bond for 9350 plus 163 in, Financial Management

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You purchase a 6 percent 10000 bond for 9350 plus 163 in

You purchase a 6 percent $10,000 bond for $9,350 plus $163 in accrued interest for a total outlay of $9,513. Subsequently you receive a $350 interest payment. You are in the 20 percent income tax bracket. How much tax do you owe on the interest payment? Round your answer to the nearest cent.

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Financial Management: You purchase a 6 percent 10000 bond for 9350 plus 163 in

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Financial Management: You purchase a 6 percent 10000 bond for 9350 plus 163 in

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