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At the beginning of 20X7, Midland Corporation purchased a 9% bond with a face value of $100,000 for $96,209, ie a YTM of 10%. The
At the beginning of 20X7, Midland Corporation purchased a 9% bond with a face value of $100,000 for $96,209, ie a YTM of 10%. The coupon payments are made annually at year-end ie 31 Dec. The market price of the bond by the end of 207 was 98,500.6 months after the end of 20X7, the bond was called at a price 101,000. Please complete the following table in accordance with the information provided above
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