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On 1/1/Y1, Daughters Inc. issues a 6-year 40 million EUR bond with an annual coupon rate of 6%. Assume market interest rates are 9%. Give

On 1/1/Y1, Daughters Inc. issues a 6-year 40 million EUR bond with an annual coupon rate of 6%. Assume market interest rates are 9%.

Give the accounting treatment of this bond.

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