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10 points QUESTION 6 1. Quiz Company purchased $1,000,000 of 5%, 10-year bonds on July 1, 2020 for $1,081,756 to yield 4%. The bonds pay
10 points QUESTION 6 1. Quiz Company purchased $1,000,000 of 5%, 10-year bonds on July 1, 2020 for $1,081,756 to yield 4%. The bonds pay interest on July 1 and January 1. Quiz Company placed the bonds into a portfolio of investments available for sale. (Assume that there are no other investments in the portfolio.) As of December 31, 2020, the bonds had a fair value of $1,100,000 As a result of the debt investment investment in bonds), pre-tax income for the year ended December 31, 2020 would increase by
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