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On Jan 2, 2022 JAIN, Inc. purchased $10m of 6.0% annual coupon RITCO bonds, priced to yield 7.2%, which was the prevailing rate for
On Jan 2, 2022 JAIN, Inc. purchased $10m of 6.0% annual coupon RITCO bonds, priced to yield 7.2%, which was the prevailing rate for bonds of this type. JAIN classified these bonds AFS and, at the end of year, after annual accruals, the market interest rate had increased by 38 bps. For this transaction, JAIN will report positive (negative) OCI of:
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
1259097129, 978-0073379593, 007337959X, 978-1259097126
