Question
Part B [16 marks]: Neon Corp. holds an investment portfolio. The Fair Value information of the various investments are provided below: Investment Portfolio: ($
Part B [16 marks]: Neon Corp. holds an investment portfolio. The Fair Value information of the various investments are provided below: Investment Portfolio: ($ in Millions) Fair Value as of 31/12/2022 Fair Value as of 31/12/2023 CompA shares 16.5 Sold CompB bonds Not Yet Purchased 37 CompC shares CompD shares Not Yet Purchased 46 14 50 During 2023, the flowing transactions occurred: On Jun 3:. Sold CompA shares for $18 Million On Jul 1: Purchased CompB bonds at Face Value (par bond). Coupon interest rate is 8% with semiannual payments. The purchase price was $35 Million On Sep 1: Purchased CompC shares for $15 Million On Dec 31: Received interest payment from CompB bond
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