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Regal has elected the fair value option to account fo equity method investments. The fair value of the Air investment as of Dec 31, 2015

Regal has elected the fair value option to account fo equity method investments. The fair value of the Air investment as of Dec 31, 2015 was $ 295,000. what was the carrying value of the Air investment on Dec 31, 2015? ( is it $ 295,000 or $ 300,000 or $ 310,500 or $ 313,500)?

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