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coupon payment is capital gain?
schweser vol 1 exam 3 afternoon # 99
an investor buys a par bond that pays an annual coupon of $80. He sells the par bond at par 1 year later.
a. capital gain of $80
b. no capital gain or loss
schweser says no capital gain or loss. I'm confused.
Here's the exact wording: ... if the investor sells the bond today (immediately after receiving the second coupon payment, and with no transaction costs), he will have: |
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发表于 2011-7-11 18:28
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