On January 1, 2014, Corporation A purchases bonds in Corporation B. The bonds have a par value of $50,000 and a stated interest rate of 6%, with annual interest payments on December 31 and a maturity date of December 31, 2023. Corporation A purchases the bonds for $43,290 to yield 8% interest, and holds the bonds in its trading account.

Cm January 1. 2D14. Corporation A purchases bonds in Corporation E. The bonds have a par value of ESDDDD and a stated interest rate of 6%. with annual interest payments on December 31 and a maturityr date of December 31. 2D23. Corporation A purchases the bonds for $43.29 to yield 8% interest. and holds the bonds in its trading account. Cm December 31. 2D14. the fair value of the bonds is $45.DDD. 1I.I"u'hen the bond market opens on January 2. 2915. Corporation E sells the bonds for an amount intended to achieve a We? yield for Corporation A. Disregarding accrued interest. what gain {rounded to wholedollarsi should Corporation A recognize on the bonds in EMS? Your Correct Answer Answer Answer Choices $1.142 $2.14 $2.989 $3.452