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Held-to-Maturity (HTM) Securities
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Held-to-Maturity (HTM) Securities
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7. Receivables and Investments / Held-to-Maturity (HTM) Securities / Problem 1
Problem 1
XYZ Corporation issues \$100,000 of bonds with a stated rate of 6% when the market rate is 4%. If the bonds are issued at 105%, what is the selling price?
A
\$110,000
B
\$100,000
C
\$95,000
D
\$105,000
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