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Category > Business & Finance Posted 10 Dec 2017 My Price 10.00

bond investment at amortized cost for April 1

On April 1, Dicor Corporation purchased $56,000 of 5-year, 4% bonds of Syte Ltd. for a purchase price equal to the discounted cash flows. They provide a 3% return, and are classified as a held-to-maturity investment. The bonds pay interest semi-annually on April 1 and October 1.

What is the bond investment at amortized cost for April 1?               Clear working please...

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CourseLover
(12)
Status NEW Posted 10 Dec 2017 09:12 AM My Price 10.00

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