Question: Johnson Co. accepts a note receivable from a customer in exchange for some damaged inventory. The note requires the customer make semiannual Installments of $50,000

Johnson Co. accepts a note receivable from a customer in exchange for some damaged inventory. The note requires the customer make semiannual Installments of $50,000 each for 10 years. The first installment begins six months from the date the customer took delivery of the damaged inventory Johnson's management estimates that the fair value of the damaged Inventory is $679,517 Assume the note receivable for damaged Inventory makes up a significant portion of Johnson's assets interest rates increase, what happens to the fair value of the receivable? Briefly explain why. BITTLE - TT o Word

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