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Classify the bond as held-to-maturity securities

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Problem 1: On January 1, year 1, 50 bonds, each valued at $1,000, 8% stated rate, were purchased from company B. These bonds are expected to mature on December 31, Year 3, paying interest annually on December 31st. Bond were purchased to yield 5%. Classify these bond as held-to-maturity securities.

Reference no: EM132789721

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