Business, 29.07.2020 17:01 petergriffin6772
Nichols Enterprises has an investment in 28,500 bonds of Elliott Electronics that Nichols accounts for as a security available-for-sale. Elliott bonds are publicly traded, and The Wall Street Journal quotes a price for those bonds of $11 per bond, but Nichols believes the market has not appreciated the full value of the Elliott bonds and that a more accurate price is $23 per bond. Nichols should carry the Elliott investment on its balance sheet at:
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Nichols Enterprises has an investment in 28,500 bonds of Elliott Electronics that Nichols accounts f...
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