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Question 27 2.5 pts On January 1, 2017, Old World Company purchased $300,000 of ten-year 10% bonds of New Company for $340,260. Interest is payable

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Question 27 2.5 pts On January 1, 2017, Old World Company purchased $300,000 of ten-year 10% bonds of New Company for $340,260. Interest is payable annually. The effective yield on the investment is 8%. What is the balance in Old World's investment in held-to-maturity debt securities account (rounded to the nearest dollar) at December 31, 2018 (end of the second year)? $343.039 $334,480 $337.481 $360,260

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