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On 1 January 2019, a company buys RM50,000 of 7% loan stock for RM47,865. Interest is received on 31 December each year and the stock
On 1 January 2019, a company buys RM50,000 of 7\% loan stock for RM47,865. Interest is received on 31 December each year and the stock will be redeemed at a premium of 10% on 31 December 2022 . The effective interest rate is 10.5% per annum. Calculate the amortised cost of the loan stock at 31 December 2019. Select one: a. RM51,526 b. RM49,391 c. RM50,000 d. RM51,750
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Managerial Accounting
Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.
1st Edition
0138129711, 978-0138129712
