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A bond has a maturity value of $500,000 payable in 3 years. These bonds have a 5% coupon rate payable annually.The market yield was 2%

A bond has a maturity value of $500,000 payable in 3 years. These bonds have a 5% coupon rate payable annually.The market yield was 2% when the bonds were purchased.

How much will be recorded for the bond purchase (ie. initial measurement)?

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