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What is the value reported on the balance sheet

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Reference no: EM132503864

At the beginning of the year, Big Corporation purchased a 9% bond with a face value of $100,000 for $96,209 to yield 10%. The coupon payments are made annually at year-end. Assume that the fair value at the end of the year is $98,000.

What is the value reported on the balance sheet at year end if the bond is classified as fair value through OCI?

(Round all answers to the nearest dollar.)

Reference no: EM132503864

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