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What the value of books of the investment as of december is

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Problem 1: Robinson Company invested in bonds (par value $ 100,000, 8%) from Evermaster Corporation on January 2, 2020, for $ 92,278. Bonds mature on January 2, 2025 and they have a yield rate of 10%. Interest is paid on July 1 and January 1 of each year. Based on these data, we can say that the value of books of this investment as of December 31, 2020 is

a. $ 92,278

b. $ 92,892

c. $ 93,537

d. $ 96,000

Reference no: EM132887587

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