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Fair value adjustment for trading investments Gruden Bancorp Inc. purchased a portfolio of trading securities during 2 0 Y 3 , its first year of

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Fair value adjustment for trading investments
Gruden Bancorp Inc. purchased a portfolio of trading securities during 20Y3, its first year of operations. The cost and fair value of this portfolio on December 31,20Y3, are as follows:
\table[[Issuing Company,Cost,Fair Value],[Griffin Inc.,$40,000,$44,600M
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