Question: culiver corp has elected to use the fair value option formone of its notes payable . tje note was issued at an effective rate of

culiver corp has elected to use the fair value option formone of its notes payable . tje note was issued at an effective rate of 11%and has carrying value of 19000 at year end culver borrowing rate (credit risk) has declined the fair value of the note payable is now 20800. determine the unrealized hilding gain or loss on the note

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