$8$ dislikes gurantee i have $8$ student accounts $.$

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windsor corporation has elected to use the fair value option for one of its notes payable the notes was issued at an effective rate of $10\%$ and has a carrying value of S $14,000.$ at year end, due to a change in credit risk. windsor borrowing rate has declined; the fair value of the note payable is now $$15,700$