For Tax Purposes, There Is No Original Issue Discount on a Bond

question 126

True/False

For tax purposes, there is no original issue discount on a bond unless the bond is issued for less than its face value and the difference between the face value and the bond issue price is at least one-fourth of 1 percent of the redemption price at maturity multiplied by the number of years to maturity.

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Definitions:

Sex Chromosome

A chromosome, specifically the X or Y chromosome in humans, that determines an individual's sex by influencing the development of sexual characteristics.

Asexual

Having no sexual attraction toward others.

Assertive

A communication style characterized by confidence and directness, while still respecting the rights and opinions of others.

Domineering

Exhibiting overbearing control or domination over others in a manner that is often considered aggressive or tyrannical.