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What is the carrying value of the note as of September

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Question - On June 1, 2021, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $430,000 and a discount rate of 7%. Assuming straight-line amortization of the discount, what is the carrying value of the note as of September 30, 2021?

a. $414,950.

b. $455,083.

c. $404,917.

d. $424,983.

Reference no: EM132600841

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