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Business, 24.09.2019 05:00 jhuss03

Book value of a bond (principal + interest payable) at the beginning of the year = $100 market value of the bond (principal + interest payable) at the beginning of the year = $120 discount rate prevailing when the bond was issued = 10% discount rate prevailing at the beginning of the year = 8% payments to bondholders during the year = $7 the bond was bought back for $95 at the end of the year. gain (or loss) on bond buyback =? (put a minus sign in front of a loss.)

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Book value of a bond (principal + interest payable) at the beginning of the year = $100 market value...
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