Question: Ayayi Corp purchased a $100,000 face value bond of Myers Corp on August 31,2022, for $ 106,960 plus accrued interest. The yeild on the bond
Ayayi Corp purchased a $100,000 face value bond of Myers Corp on August 31,2022, for $ 106,960 plus accrued interest. The yeild on the bond is 7.52%. The Bond pays interest annually each November 1 at a rate of 9%. On November 1, 2022, Ayayai recieved the annual interest. On December 31,2022 Ayayai's year end the fair value for these bonds was 106.2, Ayayai sold thr bond on January 15,2023 for $105,900 plus accrued interest. Assum Ayayi follows IFRS.
How much return did Ayayai earn while the bond was held?
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