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On November 1, 2020, Nesbo Co. purchased a 5-year, 8%, bond with a face value of $200,000. The purchase price of $184,557 was consistent with
On November 1, 2020, Nesbo Co. purchased a 5-year, 8%, bond with a face value of $200,000. The purchase price of $184,557 was consistent with a 10% yield. Interest is payable semiannually on January 1 and July 1 . The bonds mature on January 1,2025 . The amortized cost of the bond on the maturity date is $184,557$200,000$190,000$195,000
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