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On January 1 , 2 0 2 3 , Marigold Corporation purchased a newly issued $ 1 , 2 5 0 , 0 0 0
On January Marigold Corporation purchased a newly issued $ bond. The bond matured on December and paid interest at every June and December The market interest rate was Marigold's fiscal yearend is October and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model.
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Calculate the price paid for the bond using a financial calculator or Excel functions. Round answers to decimal places, eg
PV $
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