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A company invested in a bond with a $310,000 face amount and paid $270,000 on January 1. The stated rate is 8% and the market
A company invested in a bond with a $310,000 face amount and paid $270,000 on January 1. The stated rate is 8% and the market rate is 10%. Interest is paid semiannually. What is the carrying amount (amortized cost) after one full year (two payment periods) on December 31 using the effective interest rate method
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