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On 1 January 2019, Papaya Bhd purchased 5-year, 6% bonds of Banana Bhd with a nominal value of RM100,000, for RM84,837. The effective interest rate

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On 1 January 2019, Papaya Bhd purchased 5-year, 6% bonds of Banana Bhd with a nominal value of RM100,000, for RM84,837. The effective interest rate is 10%. Interest is payable annually on 31 December. The bonds mature on 31 December 2023. The investment is held within a business model whose objective is achieved by both collecting contractual cash flows and selling the financial asset. The fair value of the bond investment as at 31 December is RM85,240 and its amortised cost at 31 December 2019 is RM87,321. How much is the unrealized gains or losses to be reported by Papaya Bhd for the year ended 31 December 2019? Unrealised gains of RM403 Unrealised gains of RM2,484 Unrealised gains of RM3,919 Unrealised gains of RM6,403 O Unrealsied loss of RM2,081

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