Q7 On 1 January 2021, Lundstram Limited acquired debentures as a financial asset at their nominal value of 10 million. The debentures carry fixed coupon interest of 8% which is receivable annually in arrears. An additional premium is payable on redemption of the debentures. Transaction costs associated with the acquisition were 96,000. The effective rate of interest was 9% and the amortised cost method is to be adopted for this asset. What is the carrying value of the financial asset as at 31 December 2021? A 10,096,000 B 10,204,640 C 10,100,000 11,004,640 D