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When a debt investment is acquired to be held for an unspecified period of time as opposed to being held to maturity,it is reported at

  1. When a debt investment is acquired to be held for an unspecified period of time as opposed to being held to maturity,it is reported at the fair value of the investment securities on the reporting date.
  2. Why?
  3. Why are holding gains and losses treated differently for trading securities and securities available for sale?

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