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ABC company invested in a bond with a $540,000 face amount at a discount of $44,000 on January 1. The stated rate is 9% and
ABC company invested in a bond with a $540,000 face amount at a discount of $44,000 on January 1. The stated rate is 9% and the market rate is 10%. Interest is paid semiannually. The company uses the effective interest rate method of amortization. What is the carrying amount (amortized cost) after six months (one interest period) on June 30?
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