1. You just bought a 11-year zero-coupon bond with a face value of $1,000 and...
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Finance
1. You just bought a 11-year zero-coupon bond with a face value of $1,000 and a yield to maturity of 2.7% (APR with semiannual compounding).
What is the amount of interest you have to declare for tax purposes in the first year of owning the bond?
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