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 17.00%,how much in taxes will you have to pay at the end of the first year of holding the bond? Do not round your intermediate calculations.
A) $5.11
B) $6.15
C) $6.31
D) $4.90
E) $5.44