Fannie purchased ten $1,000 bonds from her broker this year. The bonds were issued four years ago and mature in six years. Due to a change in interest rates, the purchase price of the bonds was only$8,200. If the issuing company redeems the bonds for $10,000 at maturity, how will Fannie treat the$10,000 proceeds?

Answer rating: 100% (QA)

Giren that Purchase price of bond only 8200 1ssuing Company ... View the full answer