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bdog123 bdog123
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3 years ago
Sergio acquires a $100,000 Ternco Corporation bond (5%, 20-year bond) on January 1, 2016 for $75,000. The bond had been issue on January 1, 2014. If Sergio hold the bond to maturity, at redemption he will recognize

▸ $0 gain or loss.

▸ ordinary income.

▸ a long-term capital gain.

▸ a mix of ordinary income and long-term capital gain.
Textbook 
Federal Taxation 2017 Individuals

Federal Taxation 2017 Individuals


Edition: 30th
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IlovesushiIlovesushi
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3 years ago
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bdog123 Author
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3 years ago
Thank you, thank you, thank you!
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You make an excellent tutor!
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