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On January 1, 2022, Queen Company purchased $6,900,000 of Sport Corp. 9% bonds, classified as an FVOCI-Bonds investment. The bonds pay semi-annual interest each

On January 1, 2022, Queen Company purchased $6,900,000 of Sport Corp. 9% bonds, classified as an FVOCI-Bonds investment. The bonds pay semi-annual interest each 30 June and 31 December. The market interest rate was 7% on the date of purchase. The bonds mature an December 31, 2026. Required: 1. Calculate the price paid by Queen Company. (2 marks) Purchase Price Supporting calculations (Ple calculations in the green she

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