MODULE QUIZ 39.1.4An investor buys a pure-discount bond, holds it to maturity, andreceives...

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Accounting

MODULE QUIZ 39.1.4An investor buys a pure-discount bond, holds it to maturity, andreceives its par value. For tax purposes, the increase in the bond's value is most likely to be treated as:A. a capital gain.B. interest income.C. tax-exempt income.

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