Question: On April 1 , 2 0 2 4 Eagle Corp. purchased $ 6 0 , 0 0 0 of Bobcat Inc's 8 % bonds at
On April Eagle Corp. purchased $ of Bobcat Inc's bonds at a purchase price of At the time of purchase the market rate of interest was Eagle Corp. whose year end is December expects to hold the bonds until their maturity date years from the date of purchase. Interest on the bonds will be paid every April and October until maturity. What is the carrying value amortized cost of the bond that Eagle Corp. would report on October
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