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Discuss the financial press reports a market value

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The City of Sycamore has investments in bonds. These bonds have an amortized cost of $595000. At year end, the financial press reports a market value of $598000 for these bonds. The original cost of the bonds was $592000. The par value at maturity will be $600000. The amount at which the investments would be reported is:

Reference no: EM131772981

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