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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

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At the beginning of her current tax year, Angela purchased a zero-coupon corporate bond at original issue for $35,000 with a yield to maturity of 5 percent Given that she will not actually receive any interest payments until the bond matures in 15 years, how much interest income will she report this year assuming semiannual compounding of interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) nterest income reported

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