Question
East Bank had bought corporate bonds with the idea of benefiting from high coupon payments. However, the bank realizes that it is short of ESF
East Bank had bought corporate bonds with the idea of benefiting from high coupon payments. However, the bank realizes that it is short of ESF and is now contemplating selling them in the near future. East Bank will reclassify the corporate bonds from ________ to _______.
A. held-to-maturity securities ; investment securities
B. trading securities ;available-for-sale securities
C. available-for-sale securities ; trading securities
D. held-to-maturity securities ; available-for-sale securities
E. investment securities ; trading securities
No missing information.
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