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Calculate the amortized cost of the bonds as of december

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Problem 1: A company purchased bonds on July 1, 2021, for $274,885. This price represents a market rate of 6% on bonds that have a face amount of $250,000, have a stated rate of 8%, pay semiannual interest, and mature in 6 years. Calculate the amortized cost of the bonds as of December 31, 2021.

Multiple Choice

Option 1: $273,132.

Option 2: $264,885.

Option 3: $276,638.

Option 4: $266,638.

Reference no: EM132700011

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