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PLEASE MAKE SURE ANSWER IS CORRECT. I'VE ALREADY ASKED THE SAME QUESTION AND ANSWER WAS...

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Accounting

PLEASE MAKE SURE ANSWER IS CORRECT. I'VE ALREADY ASKED THE SAME QUESTION AND ANSWER WAS INCORRECT. THANK YOU!

Please show how to calculate the FAIR VALUE column.

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Face Value Stated Rate (Annual) Market Rate (PV) 1000000 9% 7% Bond Cash Interest Premium Amortized Date Received Revenue Amortized Cost 1/1/2019 X 1,052,486 1/1/2020 90,000 73,674 16,326 1,036,160 1/1/2021 90,000 72,531 17,469 1,018,691 1/1/2022 90,000 71,308 18,692 1,000,000 Fair Value 1,052,486 1,037,000 1,020,000 1,000,000

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