Sale or transfer of bonds under held-to-maturity is accepted under the following circumstances except when there is:
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Sale or transfer of bonds under held-to-maturity is accepted under the following circumstances except when there is:
a) A significant deterioration in the issuer’s creditworthiness.
b) A change in tax law that eliminates or significantly reduces the taxexempt status of interest on the held-to-maturity investment.
c) A change in statutory or regulatory requirements.
d) The market value is higher than the amortized cost.
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Related Book For
Accounting For Investments Fixed Income Securities And Interest Rate Derivatives Volume 2
ISBN: 9780470825914
1st Edition
Authors: R. Venkata Subramani
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