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At the beginning of her current tax year, Angela purchased a zero-coupon corporate bond at...

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Accounting

At the beginning of her current tax year, Angela purchased a zero-coupon corporate bond at original issue for $45,500 with a yield to maturity of 7 percent. Given that she will not actually receive any interest payments until the bond matures in 20 years, how much interest income will she report this year assuming semiannual compounding of interest?

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