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Business, 10.12.2019 02:31 TekoaDaHedgie12

Clay incurs $5,000 of investment interest expense related to purchasing renco company stock and new orleans municipal bonds. he receives $6,000 of dividends on the stock and $14,000 of interest on the bonds. the amount of investment interest expense clay can deduct is:

a. $- 0 -.
b. $1,500.
c. $2,500.
d. $3,500.
e. $5,000.

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Answers: 2

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