Answers to Text Discussion Questions

Round to the nearest whole number. 12-19. a) b) Current value $ 8,347. Purchase price 10,000. Tax loss $1,653. c) Tax loss $1,653 x 35% tax bracket = $578.55 tax write-off. d) Proceeds from sales (value of portfolio) $8,347. Price of new bonds $ 927. $8,347/$927 = Number of new bonds (9.004) or 9 Chapter 12 - Principles of Bond Valuation and ... ................
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