Solved: Declaring on your tax return, Accounting Basics

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Declaring on your tax return

Question: You buy a zero coupon bond at the beginning of the year that has a face value of $1,000, a YTM of 7%, and 25 years to maturity. If you hold the bond for the entire year, how much in interest income will you have to declare on your tax return?

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Accounting Basics: Declaring on your tax return

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