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Following are the non - strategic investment transactions of Corona Inc.: 2 0 2 3 Jan. 1 Purchased for $ 9 3 , 0 5
Following are the nonstrategic investment transactions of Corona Inc.:
Jan. Purchased for $ an $ bond that matures in years from Hanna Corporation when the market interest rate was There was a $ transaction fee included in the abovenoted payment amount. Interest is paid semiannually beginning June The acquisition was made with intention to hold to maturity.
June Received interest on the Hanna bond.
July Paid $ for a Trust Inc. bond with a par value of $ and a seventeenyears term. The bond pays interest quarterly beginning September at the annual rate of ; the market interest rate on the date of purchase was There was a $ transaction fee included in the abovenoted payment amount.
Sept. Received interest on the Trust bond.
Dec. Received interest on the Hanna and Trust bonds.
The fair values of the bonds on this date equalled the fair values.
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