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Triple D Corporation purchased a 6% bond, at par, for $1,000,000 at the beginning of the year. Interest rates have recently increased and the market

Triple D Corporation purchased a 6% bond, at par, for $1,000,000 at the beginning

of the year. Interest rates have recently increased and the market value of the bond

declined $20,000. Determine the bonds effect on Triple Ds financial statements

under each classification of securities.

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