On January 1, 2017 Name acquired 60% of the stock of Link.

On January 1, 2019, Link acquired $100,000 (face value) of Name's 8% bonds on the open market. On this date, the related liability on Name's books was $106,930, reflecting a 6% effective yield. Link paid $93,660 for these bonds based on an effective interest rate of 10%

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