You sell a 7 percent 10000 bond for 9500 plus 100 in, Financial Management

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You sell a 7 percent 10000 bond for 9500 plus 100 in

You sell a 7 percent $10,000 bond for $9,500 plus $100 in accrued interest for a total outlay of $9,600. Soon thereafter the company makes a $400 interest payment. You are in the 20 percent income tax bracket. How much tax do you owe on the interest? Round your answer to the nearest cent.

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Financial Management: You sell a 7 percent 10000 bond for 9500 plus 100 in

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Financial Management: You sell a 7 percent 10000 bond for 9500 plus 100 in

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