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Business, 09.12.2021 20:50 GreenHerbz206

On January 1, a company purchased a marketable debt security and classified it as held-to-maturity. The investment is a $50,000 face value, 8% five-year bond issued for $46,139 to yield 10%. Interest is payable on June 30 and December 31. Required:
What is the carrying amount of the investment on December 31 of the current year?

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On January 1, a company purchased a marketable debt security and classified it as held-to-maturity....
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