On January 1,20X1,Fred purchased a corporate bond with a face value of $50,000 from the secondary market at a premium.The bond has a coupon rate of 8 percent and matures in five years.The market rate of the bond is a 6 percent annual before-tax return compounded semiannually.If Fred was trying to minimize interest income,what is the least amount of interest income Fred may report on his 20X1 tax return?

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The Answer of On January 1,20X1,Fred purchased a corporate bond with a face value of $50,000 from the secondary market at a premium.The bond has a coupon rate of 8 percent and matures in five years.The market rate of the bond is a 6 percent annual before-tax return compounded semiannually.If Fred was trying to minimize interest income,what is the least amount of interest income Fred may report on his 20X1 tax return?

On January 1,20X1,Fred Purchased a Corporate Bond with a Face