You just purchased a 12-year,$1,000 face value,zero coupon bond with a yield to maturity of 9%.If your tax rate is 25%,how much in taxes will you have to pay at the end of the first year of holding the bond?
A)$6.86
B)$7.22
C)$7.60
D)$8.00
E)$8.40

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The Answer of You just purchased a 12-year,$1,000 face value,zero coupon bond with a yield to maturity of 9%.If your tax rate is 25%,how much in taxes will you have to pay at the end of the first year of holding the bond?
A)$6.86
B)$7.22
C)$7.60
D)$8.00
E)$8.40

You Just Purchased a 12-Year,$1,000 Face Value,zero Coupon Bond with a Yield