Business, 29.11.2019 01:31, aly2008

At the beginning of his current tax year, david invests $12,000 in original issue u. s. treasury bonds with a $10,000 face value that mature in exactly 10 years. david receives $700 in interest ($350 every six months) from the treasury bonds during the current year, and the yield to maturity on the bonds is 5 percent. (round your intermediate calculations to the nearest whole dollar amount.) how much interest income will he report this year if he elects to amortize the bond premium?

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At the beginning of his current tax year, david invests $12,000 in original issue u. s. treasury bon...