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What is the bond investment at amortized cost for april

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On April 1, Dicor Corporation purchased $56,000 of 5-year, 4% bonds of Syte Ltd. for a purchase price equal to the discounted cash flows. They provide a 3% return, and are classified as a held-to-maturity investment. The bonds pay interest semi-annually on April 1 and October 1.

What is the bond investment at amortized cost for April 1?

Reference no: EM131778410

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