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What is the carrying value of the comet corporation bonds

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Reference no: EM132829082

Question - On June 1, 2025, Ajax Company acquired $350,000 face value 4% bonds of Comet Corporation at a 5% yield. The bonds were dated June 1, 2025, and mature on May 30, 2030, with interest payable each November 30 and May 30. The bonds will be held to maturity. Ajax accounts for bond premia and discounts using the effective interest method. What is the carrying value of the Comet Corporation Bonds on June 1, 2026?

a. $337,452

b. $336,051

c. $350,000

d. $334,684

Reference no: EM132829082

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