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Marketable Debt Securities a. Purchased 5,000 bonds with a face value of $1,000 per bond. The bonds are purchased at par for cash and pay
Marketable Debt Securities a. Purchased 5,000 bonds with a face value of $1,000 per bond. The bonds are purchased at par for cash and pay interest at a semi-annual rate of 4%. b. Received semi-annual cash interest of $100,000. c. Year-end fair value of the bonds is $978 per bond. d. Shortly after year-end, Loudder sells all 5,000 bonds for $970 per bond. Use negative signs with answers, if appropriate
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