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On January 1 2012 Roosevelt Company purchased 12% bonds having a maturity value of $500,000, for $537,907.40 The bonds provide the bondholders with a 10% yield They are dated January

On January 1, 2012, Roosevelt Company purchased 12% bonds, having a maturity value of $500,000, for $537,907.40. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2012, and mature January 1, 2017, with interest receivable December 31 of each year. Roosevelt"s business model is to hold these bonds to collect contractual cash flows.

Jun 18 2020 View more View Less

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