Please Help At the beginning of her current tax year, Angela purchased a zer

Q: Please Help** At the beginning of her current tax year, Angela purchased a zer

Interest Income = 46,000 * 0.05 Interest Income = $2,300

ID: 2348635 • Letter: #

Question

**Please Help**

At the beginning of her current tax year, Angela purchased a zero-coupon corporate bond at original issue for $46,000 with a yield to maturity of 5 percent.

Given that she will not actually receive any interest payments until the bond matures in 10 years, how much interest income will she report this year assuming semiannual compounding of interest? (Round your intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.)

Interest income reported $