Leann just sold a $10,000 par value bond for $9,800. the bond interest rate was 7% per year payable quarterly. leann owned the bond for 3 years. the 1st interest payment she received was 3 months after she bought the bond. she sold it immediately after receiving her 12th interest payment. leann’s yield on the bond was 13% per year compounded quarterly. determine the price she paid when she purchased the bond.

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?