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Why are held-to-maturity securities reported at amortized cost rather than fair value? Because companies are required to do so by law and by industry practice

Why are held-to-maturity securities reported at amortized cost rather than fair value?

Because companies are required to do so by law and by industry practice

Because doing so increases the volatility of reported earnings and reported capital

Because fair value is not a relevant means for evaluating cash flows associated with the securities

Because the acquisition cost is what is important, not the value of the security, and this is measured by amortized costs

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